medical aid
When contemplating taking out dread disease cover, give consideration to the level of medical aid cover you enjoy. Remember, the purpose of dread disease cover is to provide you with financial assistance in the event of diagnosis to help with
As a mother to young children, these years may find you time-poor and cash-strapped as you juggle career and motherhood while at the same time paying off your home loan and vehicles. Convenience spending is likely to increase during this
It is never ideal to become financially dependent on someone else or to rely on another person to fund for your financial future, even if you believe that you and your partner or spouse have committed to being together forever.
Common diseases which are a function of aging include cancer, dementia, Alzheimer’s disease, heart and vascular diseases, Parkinson’s disease, hearing loss, cataracts and refractive errors, osteoarthritis, diabetes, and depression – and, sadly, many aged people tend to suffer from several
With the added advantage of being subject to group underwriting as opposed to personal underwriting, group life cover is generally more cost-effective than if you were to take out cover in your personal capacity. Group life and disability cover is
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
Where the older spouse chooses to retire while the other spouse continues working, the couple will need to contemplate how to replace the lost income of the retired spouse without jeopardising their retirement capital. If the couple starts drawing down
Start your career the right way: by spending less than you earn and saving the rest. Before your first pay cheque lands in your account, prepare a budget taking into account any new line items as a result of your
If you intend becoming a stay-at-home spouse, think carefully about the consequences of losing your financial freedom at such a young age. Not only can not generating an income shift the dynamics of your relationship, it can also create feelings
Your severance package is separate from your retrenchment benefit (retirement fund benefits) and includes the one week’s pay for every year worked and all other monies owing by your employer as a consequence of your employment. From a tax perspective,
