MyMoney Online

How to save for retirement when you’ve left it late

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The Money Show’s Bruce Whitfield interviewed Jeanette Marias, Director of Distribution and Client Service at Allan Gray, who shares five tips for those who started late with saving for retirement.

Scroll down to listen to the audio.

The biggest problem is when people leave jobs without preserving their retirement savings.

Jeanette Marias

If you start at 40 you have to save 40% of your income in order to make up for lost time.

Jeanette Marias

Delaying retirement by five years will make a huge difference.

Jeanette Marias

Do not be too conservative! You must have equity exposure.

Jeanette Marias

Merely putting your money in the bank guarantees the loss of buying power.

Jeanette Marias

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