I write to you in desperation as I have just turned 60 and need to retire, only to realise that all my hopes, dreams and hard work over the years have been shattered.
Trying to secure retirement-type safe living accommodation is so expensive, and the current R500000 tax-free portion from our pension funds is not feasible or logical in today’s time.
It is also not enough if one looks at other expenses, such as if one needs to buy a car - something roadworthy and reliable for pensioners, which is necessary in today’s times with the high crime rate where pensioners are a soft target.
Consideration must also be given to our monthly expenses towards rates, levies, water, electricity, food and other living expenses. And, most importantly, not forgetting to invest in a medical insurance, which we will need the most at this crucial time in our lives.