Do you know what kind of investor you are?
The Emperor Wealth Index will reveal all

In this infographic we highlight some alarming myths that many South Africans believe about their retirement savings. We also share the actual facts that prove them wrong and we give you a great free tool to calculate if you are on the right track, including what changes you need to make to enjoy a blissful, worry-free retirement.
SOUTH AFRICAN retirement
facts and myths
#1
Myth
I am saving enough for my retirement
‘I can start late and retire early.’
45%

Fact
of South Africans believe they will run out of money during their retirement years.

#2
Myth
I don’t need to take high risks with my retirement investments
‘By investing in money market funds, guaranteed products or absolute return funds.’ ‘my money is safe I can sleep at night.’
17.1

Fact
Average number of years respondents believe their retirement savings will need to last them.

#3
Myth
I will be financially independent during my retirement
‘I don’t need to worry about retirement planning, my pension fund will be OK.‘ ‘I can get on with life and enjoy its pleasures.’
37%

Fact
of pensioners rely (at least in part) on financial assistance from other family members.

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  • Don't contribute to these distressing retirement facts.
  • Use the wealth index to check if you are on your way to reaching a comfortable retirement.
 

To calculate your
wealth index now
#4
Myth
A successful career guarantees a good retirement
‘The more money I make, the more I will save for retirement, all other aspects being equal.’
46%

Fact
of people who are close to retirement expect to work post-retirement.

#5
Myth
“You will spend less money during your retirement years.”
85%

Fact
of South Africans list not having enough money to retire as their greatest concern about retirement.

63.5

Fact
Average age at which respondents think they will be able to afford to retire.

Calculate your
Wealth Index

See how you stand in terms of relative wealth compared to your age and income.
Discover the changes you need to make in order to afford a comfortable retirement.



Reference:

The wealth index calculation is based on on the book “ The Millionaire Next Door: The Surprising Secrets of America's Wealthy ” by Thomas J. Stanley and William D. Danko in 1996 (ISBN 0-671-01520-6). Emperor Asset Management also holds investment courses which discuss understanding your wealth index, to register for the course click here

Statistical facts are based on the ‘2013 Old Mutual Retirement Monitor’ for more information follow this link:
http://www.oldmutual.co.za/documents/Retirement/RetirementMonitor2013.pdf