Sue Torr
If you choose to stop working, make sure that you fully understand the implications of doing so. If you do not generate an income of your own, you will find it very difficult to build wealth in your own name.
Where a person dies leaving no heirs, the assets in his estate will be forfeited to the State and placed in the Guardian’s Fund for safe-keeping for a period of 30 years. If no heirs come forward during this period,
A life annuity, which is an insurance-based product designed to provide a guaranteed monthly income until the death of the annuitant, is in effect a life policy and, as such, comes to an end on the death of the policyholder.
Tracking your expenditure and knowing exactly where your money going is a surprisingly empowering exercise. Take time to go through your bank statement and make sure you can account for every cent you have spent.
If you have a special needs child, ensuring that those assets intended for him are protected and managed in his best interests even after your passing is a critical part of generational wealth planning. Special trusts, whether testamentary or inter
Another mechanism for ensuring effective succession planning is by nominating beneficiaries to your life policy or living annuity. If you wish to provide capital to your spouse and/or children in the event of your death, taking out life cover is
You have a number of options regarding your severance benefits, and what you do with this money largely depends on your personal circumstances. If you are likely to need the money in the short term, rather put your cash in
Unlike a Money Market Account, a Money Market Fund is an actively managed investment product that is generally invested in a range of instruments including promissory notes, commercial papers and Negotiable Certificates of Deposit. Because the money held in a
If you are dependent on generating some form of income in your retirement years, it is wise to consider your prospects of re-entering the workforce if your ideas for earning income don’t come to fruition. If there’s even a remote
