A new study on savings behaviour highlights the critical importance and value of having a retirement plan driven by specific goals over a long period.
Research from the behavioural science team at US-based fund ratings house Morningstar makes the startling finding that people who look into the future, visualise the lifestyle they would like to lead in retirement and set specific goals, save on average 20 times more money than those with time horizons of less than a year...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.