Lifestyle Financial Planning
In addition to credits for your excess medical aid contributions, you can also get credits for out-of-pocket medical expenses that were not covered by your medical aid. Where you submitted these expenses to your medical aid, but they were not
Retiring from your retirement funds marks the transition from saving towards retirement to drawing from your capital and pitching your draw down rate at the right level at the outset is critical. The 4% rule, which has its critics, assumes
With financially dependent adult children, this life stage is critical when it comes to fine-tuning your retirement plan, settling debt, and structuring your assets. Having increased your net worth, reduced your home loan debt, and with fewer financial dependants, it
Remember, while your residual payment is used to reduce your monthly repayments, it still forms part of your loan agreement. So, if you want to pay off your vehicle quicker, the settlement agreement will include the residual amount.
Hindsight bias makes past events appear more predictable than they were at the time, which can lead investors to believe that the future events are more predictable than they actually are, thereby leading them into the cover-confidence trap. Hindsight is
As much as we try to encourage our children to make smart money decisions, it’s important that we allow our kids to feel in control of their financial decisions. While they are relatively young and the damage can be limited
Whereas the risk of a Money Market Account is limited to a single bank, Money Market Funds are well-diversified across numerous institutions. It is the job of the fund’s asset manager to actively seek appropriate investment opportunities in order to
Living trusts are frequently used by divorcing spouses to hide assets so as to reduce the value of their estates. A spouse married with the accrual is free to set up an inter vivos without the consent or knowledge of
Through an advance healthcare directive, you can provide your medical proxy with comfort that the decisions they are making are in line with your wishes. For instance, you can include guidelines on when to allow artificial life support, organ and
A retirement at age 55 means that you still have a potentially long-term investment horizon and, as such, you will need to ensure that you are invested appropriately for this time period. You will need to ensure that your investment
