Believe it or not, most employees would have lost more money in charges or benefits than they would earn in interest on their investment. Above all, they would have to pay more in charges to keep the benefits post retirement. Basically, they would have to use their retirement payout to keep the benefits plan. If they live 20 more years after retirement, they would use more than R100 000 of their retirement payout to keep the benefits.
Life expectancy is pretty high in our age, medication has improved and has become easily accessible. You are expected to live much longer than the previous two generations, given you take a fair amount of care for your health. View your retirement setup from the perspective of long term gains and losses. Someone is taking your money and you should do something about it.
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