Neels Steenkamp

Planning has to be done for both the good times and the bad times. Provision for the more difficult times should take precedence. These include the untimely death of a breadwinner or spouse, permanent disability or prolonged illness.

Most working people dream about a carefree retirement, but the reality is quite different for the majority of retirees. Long-term research indicates that, out of every 100 working South Africans, the situation at age 65 would be as follows: