Is your employer trying to force you to take early retirement, or does it want to lower the age at which employees must retire, or are you considering retiring early? Research shows that retiring just five years earlier, at 60 instead of 65, can reduce your pension by 27 percent if you started saving for retirement at the age of 20. The impact is even worse if you retire 10 years earlier, or if you started to save later in life. Personal Finance looks at the financial implications of early retirement, as well as whether your employer can unilaterally change the age at which you must retire.
Also in our weekend print edition:
* What you should know before you buy funeral insurance.
* Members of Parliament grill National Credit Regulator over failure to act against unethical lending practices.
* Experts answer your financial questions, courtesy of PSG Wealth.
Personal Finance is published every Saturday in the Pretoria News Weekend, the Saturday Star, The Independent on Saturday and the Weekend Argus.