You know that the level of comfort and security of your retirement years is determined by how much you save during your working years. And you believe in “paying your future self first”.
But sometimes it’s hard to stay on track, especially when geopolitical turmoil and market uncertainties raise the age-old question of how much risk you should expose your retirement savings and investments to.
A conservative investment approach focuses on safely preserving your capital, but may result in missed growth opportunities.
On the other hand, a less conservative and more aggressive approach is more likely to grow your wealth in real terms, and help outstrip inflation. But the downside is that the risks will be greater and the outcome less certain.
Getting the balance right can feel like an extreme sport at times.
An accredited financial adviser who is backed by a reputable financial services provider can provide valuable advice and peace of mind by helping you determine the level of risk that suits you and your specific circumstances and goals.
“Your smartest move is to prioritise your retirement savings and draw up a comprehensive financial plan with a financial adviser, and then review your plan regularly with them to ensure you stay on track,” says Marius Pretorius, Head of Marketing: Retail Savings and Income at Old Mutual.
“Avoid being agitated by short-term market fluctuations and the ever-escalating cost of living. Stay focused on your overall long-term plan. Get yourself a financial coach who is invested in seeing your financial goals realised”.
Speak to your financial adviser, call 0860 60 60 60 or visit oldmutual.co.za
Disclaimer
The material is not intended as and does not constitute financial or any other advice. The material does not take into account your personal financial circumstances.
For this reason, it is recommended that you speak to an accredited broker or financial adviser to consider all your options and draw up a plan to achieve your financial goals.
This is part three of Old Mutual’s tips on saving for your retirement.
Part one is here and part two is here
Old Mutual Life Assurance Company (SA) Limited is a licensed FSP and life insurer.
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