Comparing Retirement Options

[Fire&Rain]

There are different ways to save for retirement in my country: pension funds, provident funds, and Botswana Life’s annuity plans. For someone starting work now, which would you recommend and why? How do you balance risk, growth, and security?

 

[Starmix]

I have a job and our employer auto deduct the salaries of the employees for retirement. Since future pension might be not enough, so I am also investing. I chose a long - term plan. Apart from that, I also have a passive income from the rent of my property.

 

[Trush Jodie]

In my country, we have pension management agencies that are owned by the government. And I am doing my retirement contributions with them.

 

[eLdavis]

I think it will also be best to invest in other things that can give you passive income, things like real estate and the likes.

 

[kit_hung]

I have a job and our employer auto deduct the salaries of the employees for retirement. Since future pension might be not enough, so I am also investing. I chose a long - term plan. Apart from that, I also have a passive income from the rent of my property.

Your move is very smart because relying on pension alone is often not enough. It is said that savings never go away. If you make long-term investments, you plan well for the future and that passive income from rent gives you more stability. Many people live without a plan and then when they reach retirement, they experience great stress. You have planned early and that is a wise move. If you continue to be consistent, you will see its fruits later without pressure.

 

[Augusta]

Diversifying your portfolio is an important way to balance risk. By investing in different types of assets, you can lower the overall risk