Steve Hofmeyr, notorious South African singer and celebrity. Never out of the public eye and with a reputation as a fun raiser Steve Hofmeyr has been having a bit of a bad time with things for the last year or few. He is planning a comeback in November not only for his fans but possibly also for his legal bills. Even if Steve wanted to retire he may not now be able to, and we can probably expect him to be performing his heart out in the near future. So what are the wages of fun?

• Getting divorced
• Getting sued
• Losing work time

Steve has been a heart-throb and idol to millions for years and he will have built up a healthy bank balance during the course of his career. Not everybody will make enough money over the course of their lifetimes to plan to retire with enough cash to live out your life in the good taste that you are accustomed to. Losing your hard earned cash can turn your life for the worse, just when you want to relax. Celebrity or regular person in the street, we all get older and need a nest egg to retire on. So plan your budget and your life in line with your retirement planning.

Divorces are expensive, lawyers cost masses to retain. The stress and time it takes to fight legal actions can seriously cut into your time and ability to work to make the money to pay off all your costs. So while many of us would like to live like Steve, watch out for the fun raising. It may be a blast at the time but can leave you with long term consequences that could seriously impact your ability to plan your retirement the way you want. At the very least it seems we may get to enjoy a few more treffers from Steve.