PLAN FOR YOUR FUTURE
We are living for longer which means that your retirement years could easily make up a third of your life.
For you, retirement may be a long way off, or maybe it’s just around the corner. Have you worked out how much money you will have when you retire? Will this be enough to maintain your standard of living and allow you to enjoy the things you have been looking forward to?
Fortunately, by making regular contributions to the Woolworths Group Retirement Fund, you have already laid the foundation for your retirement planning. Your retirement fund is an appropriate vehicle for building up wealth over your working lifetime to provide you and your family with an income once you have retired.
Remember, retirement age is now 63.
SAVE TODAY FOR FINANCIAL INDEPENDENCE TOMORROW
NOTE: The above example is for illustrative purposes only and is not intended to represent any specific return on any particular investment.
THE POWER OF COMPOUND INTEREST
Be smart and take a long-term view on saving for retirement. You have a powerful friend called compound interest, which is a smart name for earning interest on interest.
The genius is that over time, compound interest will boost your saving efforts. It’s all about allowing time for your money to grow. The longer your money is invested, the higher the impact of compound interest.
The best time to plant a tree was 20 years ago.
The second-best time is now.Chinese Proverb