retirement income calculator<\/strong><\/a><\/strong> to work out a sustainable drawdown.<\/p>\nBernadette is one of many who wants to spend time with her grandchildren \u201cattending sports days and concerts, chauffeuring them to activities \u2026 taking them camping and to the beach in the holidays\u201d.<\/p>\n
Hannelie dreams of \u201ckeeping fit by body boarding in the sea with my grandkids on a warm summer’s day\u201d.<\/p>\n
Catherine will be spending time \u201ctrail running (or maybe walking)\u201d and James wants \u201cto play as much sport as possible\u201d.<\/p>\n
James expands on that, saying he plans to \u201clive every day as if it is my last\u201d.<\/p>\n
He also points out that his financial plan must allow for the possibility of living beyond 100, which is why he will leave the one-third of his retirement savings \u201cthat many people take as a lump sum\u201d in his pension fund.<\/p>\n
He also plans to keep his drawdown to the legal minimum for the first few years so the capital continues to grow. All of this will amount to: \u201cThe longer I live, the more I score.\u201d<\/p>\n
Many of these fit, well-funded retirees-to-be are also planning to play a role in the lives of South African youngsters to whom they are not related.<\/p>\n
Mpume says that in addition to wanting to travel in her retirement years, she hopes she will \u201chave enough in my retirement portfolio to be able to put a disadvantaged child through school\u201d.<\/p>\n
As chairperson of the governing body at two local primary schools, Mckenzie has already got a head start on plans \u201cto dedicate my time in retirement to educating parents so that we can rebuild primary schools [and] support the educators as they are second parents to our children\u201d.<\/p>\n
Christa\u2019s dream \u201cto change kids\u2019 lives\u201d means helping primary school children who struggle with reading and maths. \u201cBuy books and go and help them read.\u201d<\/p>\n
Tshedi wants to set up a home for abused and unwanted babies and children to \u201cgive them a home filled with love and trust\u201d.<\/p>\n
Spending time with the grandchildren will often be combined with another much-favoured dream: to travel. Shaun and Shona put the dreams of many into the simple wish to \u201chave enough money to buy plane tickets to visit the grandchildren\u201d.<\/p>\n
Lizelle hopes she will be in a position to travel as well as to leave a financial legacy for younger family members. She hopes that living her retirement dream will set an example by showing \u201cthe next generation that the choices they make early on can change not only their future, but the next generation as well\u201d.<\/p>\n
Athethile has much to look forward to with the dream \u201cto visit another country as South Africa is the only country my feet have touched\u201d.<\/p>\n
As for when these dreams might come true, Brad expects to be forced to retire at 65 but hopes that \u201cby the time I get there, it might be 70\u201d. Then, he says, he might just start a whole new career, probably with a local charity or similar \u201cdoing good for others, helping others to have a little less stress in their life\u201d.<\/p>\n
Warren is less patient: \u201cUsing excellent vehicles like 10X I aim to not only preserve my wealth but to also grow it so that by age 50 I can choose whether to work or not.\u201d<\/p>\n
It is clear from 10X\u2019s Dream Retirement competition that many people are trying to balance wishes for a life of comfort and adventure and their desire to help others. Some, like Catz, are planning to have it all: \u201cThe luxury side would be to travel, to experience the culture in different countries\u201d, and, on what Catz calls the flipside, \u201cto be more involved with animal welfare and to be a foster mum\u201d.<\/p>\n
Or, in Conrad\u2019s words, \u201cposition myself financially to live the dream and then help others to do the same\u201d.<\/p>\n
Living the dream starts with a plan. Use 10X\u2019s retirement saving calculator to make yours.<\/strong><\/a><\/p>\nThe content herein is provided as general information. It is not intended as nor does it constitute financial, tax, legal, investment, or other advice. 10X Investments is an authorised FSP (number 28250). The 10X Living Annuity is underwritten by Guardrisk Life Ltd.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"From the expected to the eccentric, the devilishly indulgent to the 100% angelic, submissions to 10X Investments\u2019 recent competition asking South Africans about their dreams for retirement confirm that retirement is more of a beginning than an end for most people, says Catherine Neill, Head of Client Experience at 10X.<\/p>\n","protected":false},"author":57,"featured_media":545892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[11953],"class_list":["post-545882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-10x-investments"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/545882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=545882"}],"version-history":[{"count":12,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/545882\/revisions"}],"predecessor-version":[{"id":545896,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/545882\/revisions\/545896"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/545892"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=545882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=545882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=545882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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