Financial Planning
Following on from the above, it’s important that investors accurately declare their over-contributions to SARS and do not mistakenly claim them as tax-deductible in the year they are made, keeping in mind that incorrect reporting can result in the disallowance
Recency bias happens when investors give too much weight to recent events, ignoring long-term data and trends. For instance, after the sharp market crash triggered by the Covid pandemic in early 2020, many investors panicked and sold their investments –
Before you can start planning the possible division of assets, the first step is to understand the nature of your marriage contract and how this affects what you are legally entitled to in terms of law. If you are married
A lack of adequate retirement facilities and the prohibitive costs of retirement homes has resulted in many retirees being forced to explore alternatives for their post-retirement living other than what they had planned for. For many retirees, assisted living, frail
A financial planner is often a lifelong partner, so understanding how their practice is structured is important. Ask who will manage your portfolio if your advisor is unavailable or leaves the firm. Is there a succession plan in place? Does
Regardless of your net worth, it is always advisable to put a valid Will in place to ensure that your loved ones are not faced with administrative hassles in the event of your death. At the same time, you may
In the event of your death, the funds held in your retirement annuity, that have met the criteria to qualify as a deduction against your taxable income, do not form part of your deceased estate and are not included when
ncome protection benefits are designed to cover a percentage of your salary—usually up to 100% of your net taxable income. Some people consider multiple policies for added protection, but keep in mind that income protection is intended to cover actual
The birth of a child introduces significant responsibilities and a need to reassess your financial plan. Notably, your Will should be updated to nominate a legal guardian and to provide for a testamentary trust to protect your child’s inheritance should
