discretionary investment
One key advantage of purchasing a living annuity with your retirement capital is that it is not subject to Regulation 28, allowing for more aggressive investment strategies, including 100% offshore exposure via Rand-denominated feeder funds. Direct offshore investing is not
The tax benefits achieved by investing in tax-free investments are not realised early on which means that these vehicles do not make good emergency funds. The value of the tax benefit in the first five years of investing is incredibly
A single-income family naturally faces greater risk when it comes to job loss or retrenchment, and it is important to put plans in place to mitigate the risk as much as possible. An emergency fund sufficient to cover at least
In a nutshell, income protection is a long-term insurance benefit designed to replace or supplement your income in the event of illness or injury which temporarily or permanently prevents you from earning an income. While you may not perceive this
As a TFSA investor, you are permitted to invest up to R36 000 per year towards your account, with a lifetime contribution limit of R500 000. But, any withdrawals that you make from your TFSA will be deducted from your
Most importantly, it is absolutely essential that the non-earning spouse remains actively involved in both the day-to-day management of the household finances as well as the longer-term planning. Not having a firm grip on your joint financial plan can leave
The transition from full-time work or employment to full-time retirement is a notoriously difficult one, with boredom, lack of fulfillment, and depression being common amongst retirees. Be realistic about what a ‘day in the life’ of your retirement will look
