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Buy a home or boost retirement fund?

I recently received some inheritance money, and I am considering a deposit on a home or boosting my retirement savings. How should I choose?

Name withheld

Jac de Wet, a financial adviser from PSG Wealth Somerset Mall Ring Road, responds: There are many answers to and opinions about this question, with many different factors to consider – for example your age, your current savings, your personal goals and circumstances. What one can consider is the potential longterm returns in retirement funds versus the interest rate charged on the mortgage bond.

If the expected long-term returns of your retirement fund are more than the longterm average interest rate to be charged on the property, rather consider