Two-pot retirement system: these are the risks
If you withdraw some of your retirement savings in the two-pot retirement system before retirement, you will have less money to retire on.
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If you withdraw some of your retirement savings in the two-pot retirement system before retirement, you will have less money to retire on.
Consumers who cash out their retirement savings will never catch up and will not be able to retire at the same standard of living.
The country’s economic situation was a contributing factor to how people feel about their own current financial situation.
South Africans already have a poor savings culture and are now not prioritising long-term savings either.
Battling to make ends meet, families are forced to stretch every cent amid constant interest rate hikes and skyrocketing food prices, while many consumers are deep in debt.