Lifestyle Financial Planning
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,
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
Delaying your planned retirement by even five years will affect your investment horizon, your draw down timeline, and subsequently the level of risk you are able to take in your investment strategy. If you’re working towards a delayed retirement, ensure
While income protection cover is generally more expensive than taking out lump sum disability cover, it is important to remember that this type of cover is occupation-based and is priced according to the risk that an individual presents to an
The speed and efficiency at which we can now purchase goods means that many of us miss out on the opportunity to do market and product research, shop around, and seek alternative options. Further, online marketers are experts at making
