Retirement looks different for everyone. But whether you plan to spend your golden years jet setting around the world, playing on the beach with your grandchildren or tending to your garden, one thing is true: It’s going to cost you.

In the ever-evolving landscape of personal finance and wealth management, investors are faced with an increasingly wide array of choices. In South Africa, the investment universe has many options, from unit trusts and share portfolios to retirement annuities and tax-free investment accounts. Each type of investment comes with its own set of advantages and limitations, and their effectiveness often depends on the investor’s goals, time horizon, and tax considerations.

The Power of Zooming Out The single most important skill in long-term wealth building isn’t predicting what happens next. It’s the ability to maintain a proper perspective on what has already happened.