Suzan Ramotshabi joins Gugulethu Mfuphi to discuss the generational effects of black tax, why financial literacy starts with your relationship with money, and how saving early rewrites the story for the next generation.
ETFSA’s Suzan Ramotshabi, Retirement Product Manager, joined Gugulethu Mfuphi on Kaya 959 for a conversation on breaking old patterns and building new ones:
Key discussion topics:
- Your salary is for now, your retirement is for later: it’s easy to let one paycheck do all the work. Don’t let your future self end up depending on the government or your children once retirement comes, let your money work for that future you, starting today.
- Saving early breaks a generational cycle: black tax often repeats from household to household. Starting your retirement savings as early as possible isn’t just personal financial planning, it’s how one household stops carrying another.
- Don’t stop at one product: retirement products sit under one umbrella, and your employer’s contribution alone is often not enough to sustain you at retirement. Supplementing with a retirement annuity helps you top up and close that gap.
Missed the conversation? Listen here:
ETFSA has something for everyone, regardless of whether you need a hand or prefer to find your own way.