Even the super-rich have retirement plans in place despite their immense wealth. Why? Because they know that nothing in life is certain, markets can fall overnight, and fortunes could be lost. While billionaires like Elon Musk and Jeff Bezos can afford to lose a billion overnight, most of us are not that fortunate.
Retirement planning is an essential part of any portfolio to ensure you do not have financial worries when you are older. These investments are usually separate diversified funds chosen for their stability, ability to spread risk, and performance as they ride the ups and downs of the market over the long term.
Another sobering fact is that our money has less spending power than it used to have due to the exponential rise in the cost of living over the last few decades.
Avoid carrying all your eggs in one basket.
Possibly separate your investments and your retirement savings. Retirement savings are long-term and invested in different funds than your shorter-term investments. Diversification is key even if you plan on also using your investments for retirement along with your personal pension plans and workplace pensions.
Make sure all your bases are covered by chatting with your financial advisor. Ensure your golden years are as financially stress-free as possible, so you can focus on enjoying your hard-earned relaxation. [email protected]
Please note the above is for educational purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken as a result of reading the above.
Plan your retirement according to the lifestyle you want
Everyone’s idea of retirement is different. Some want a simple relaxing life, others want to enjoy life and travel the world, and yet others want to take part in expensive hobbies and enjoy the luxuries of life like upgrading their homes.
posted on 06.10.2021
Plan your retirement according to the lifestyle you want
Everyone’s idea of retirement is different. Some want a simple relaxing life, others want to enjoy life and travel the world, and yet others want to take part in expensive hobbies and enjoy the luxuries of life like upgrading their homes.
posted on 06.10.2021
deVere Zimbabwe’s Public Relations Department deals with all areas of the media and external communications including international, national, regional, local, trade, consumer, print, broadcast, social and online. The Department aims to provide a helpful service to journalists, broadcasters and editors, amongst others, and reply to all media enquiries, including urgent enquiries out of hours, within agreed deadlines. Our press office does not have access to client details and will not be able to assist with individual client enquiries. Please contact deVere Zimbabwe’s Head of Public Relations on [email protected] or call +44 2071220925