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Retirement Planning
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24 June 2011
The best savings vehicle is a Unit Trust Based Education Fund (UTBEF), says Hubert Feris, a Financia...
19 June 2011
A proposed system of tax credits for medical scheme contributions could make scheme membership more ...
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Home Retirement Can you retire?
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Life Expectancy
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ost people underestimate how long they will live after retirement. The current life expectancy of a person at age 65 is about 17 years for women and 14 years for men.
The increase in longevity is attributted mainly to two factors:
Generally improved living standards make it possible to live longer.
Medical advancements allow one to manage one's health longer.
The cost of living becomes the burden of living for those whose longevity outlasts the extent to which their retirement capital can yield an acceptable income.
Not only does the need for income extend over time, it is more difficult to keep pace with the rising costs over that period.
"Only careful financial management can stretch retirement income to cater for the extention of a desirable standard of living."
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Copyright © Cape Investment Advisors. All Rights Reserved
2002-2005
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