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Retirement sneaks up on us sooner than we expect, and many of us are not financially prepared for that phase in our lives. There are many decisions that we need to make now to ensure the best possible return on our investments, and stand the chance of enjoying a comfortable and financially free retirement.
In the interview below, 10X Investments CEO Steven Nathan explains that only 60% of South Africans are currently saving for retirement. Worse still, those who are saving could, unknowingly, be making critical investment mistakes that could cost them in the long run.
The top three mistakes that investors make when saving for retirement are that they don’t take ownership of their retirement investment, understand the returns of that investment, nor educate themselves on the fees that they are paying.
