Monetary planning recommendation for South Africans of their mid-30s to 50s is the main focus of this version of Enterprise Day Highlight.
Host Mudiwa Gavaza is joined by Jodi Suchard, advisory accomplice at wealth administration agency Citadel.
In response to Suchard, South Africans of their mid-30s to 50s are navigating among the most financially demanding years of their lives, caught between elevating kids, supporting ageing dad and mom and getting ready for retirement.
As such, this technology, also known as the “sandwich technology”, requires nuanced monetary planning and disciplined decision-making.
“By midlife, many people have achieved skilled success and are incomes greater than ever earlier than, but their monetary tasks typically outgrow their salaries,” says Suchard.
“Managing debt, saving for the longer term, supporting dependants, dwelling properly and planning your legacy requires a holistic and well-considered wealth technique.”
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