Lifestyle Financial Planning
A sudden hospital stay should not bring your household’s financial functions to a halt. Debit orders must still run. Medical aid premiums, insurance policies, bond payments, and school fees need to be paid. Make sure a trusted person can access
While healthy and consistent habits can lead to financial independence, bad habits can be equally as powerful in the opposite direction. Frugality and a willingness to live within one’s means is a common habit of the financially sound. Financial independence
Underwriting is the process that life insurers use to assess the level of risk they are taking on when insuring an individual. Put simply, it’s how insurers determine whether to offer you cover, how much cover they are willing to
Insurable interest is a legal and contractual requirement that ensures a person taking out life insurance on another individual stands to suffer a genuine financial or emotional loss should that person die – although keep in mind that emotional loss
Fast forward a few decades, and many of those children are now the first in their families to earn a steady income, own property, or meet with a financial planner – their approach to money being shaped as much by
With the implementation of the Two-Pot Retirement System from 1 September 2024, it is more important than ever to evaluate your options carefully when changing employers. Decisions regarding your retirement savings can have a lasting impact on your financial future.
In terms of the doctrine of ademption, specific bequests lapse when the asset no longer exists. This can happen when the testator sells, gives away or otherwise disposes of an item before they die. Unless the will provides for substitution
While many South African investors make use of retirement funds to build wealth for their retirement years, many do not take the opportunity to structure their contributions in a pre-tax manner – which can inadvertently affect the growth of one’s
A couple planning to get married should sign their antenuptial contract before getting married. Failure to sign an antenuptial contract prior to the date of marriage will mean that you and your partner will automatically be married in community of
