Retire with millions

ELIZABETH JOSEPH
What if I told you by age of 65, that a minimum investment towards your retirement can make you a millionaire?

What if I told you that you don’t have to be in a senior position at work to retire like a boss?

And what if I told you that you can buy your dream retirement home along the beautiful coast of Swakopmund, free of debt and spend your evenings watching the sunset and enjoying the fresh smell of the ocean and the cool breeze at retirement?

Wait, there is more!

What if I told you that you can live your dream life when you retire without stretching your pocket today?

All of this is possible.

What’s the secret? Starting your retirement savings early.

Research shows that less than 10% of Namibians can afford to retire comfortably by age 60, or even 65 years old. Many people continue working past retirement age in order to generate an income to satisfy their needs. This is because they didn’t make provision for retirement when they were younger.

Saving for retirement can be a complex task for many people, and that’s why professionals in retirement planning like myself are here to assist you in planning for it.

But how much is enough?

Well, this depends on the each person. Some individuals want to live a very lavish life at retirement, and so this requires saving enough to reach those goals and yes, starting as early as possible. Other individuals just want to save enough to live a comfortable life.

A sufficient amount of savings would be equal to 75% or more of your final salary (at retirement).

As stated earlier; the sooner you begin saving for retirement, the easier it will be to reach your savings goals and ultimately being able to afford a comfortable retirement. The best part about starting early is that you have the advantage of getting more benefits out, such as compound interest.

On the other hand, the good news is that it’s never to late to start. It just means that you need to save a little bit more if you start late. For example, if you start saving at the age of 40, you need to save double the amount or more, than you would had to saved monthly if you had started when you were 27 years old.

25 years of age is considered the ideal time for you to start saving. With the right financial adviser, you can be a millionaire by 65 years old. Let me help you plan for your retirement. Contact me now.