Friday, 13 November 2026

Former high earners, including retired sportsmen, still fall into hard times after their careers end, and the host wants a full follow-up on lessons from one colleague's struggles.

Guest blames financial advisers, who he says took heavy commission and never passed returns back to clients, leaving ordinary retirees short of what they were promised.

A bank manager once promised the guest he would earn R3,000 a month in retirement, a figure that ignored how far prices would rise over the decades.

Inflation upon inflation would wear out retirement funds, forcing people to sell homes for smaller premises or struggle to pay rates and taxes, the guest argues.