by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
170 – OPTIONS FOR GENERATING INCOME FOR A LUMP SUM Question We recently sold a flat which we used as an investment property as we found the hassle of maintenance and dealing with tenants was becoming a bit much (I am 70 and my husband is 75). We have R2.4m to...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
171 – THE TWO BEST WAYS A YOUNGER PERSON CAN START SAVING FOR RETIREMENT Question I am 30 years old and earn R 20,000 a month. I have no savings whatsoever and want to start putting some money away for my retirement. How do I go about doing this? Answer There...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
172 – BEATING THE BOON OF SURVIVING RETIREMENT Question My wife and I retired seven years ago and are finding it increasingly difficult to come out on our budget. What should we do? Answer There are many pensioners who are in the same situation as you...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
173 – Life annuities: weighing out the options Question I’ll be turning 58 in just over a week’s time. I have my pension money in a preservation fund until age 65. Herewith are a few questions: 1. I would like to draw an income but as I only turn 65 in 7...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Retirement, Tax
174 – Be careful before making any two-pot withdrawals Question I recently saw a YouTube clip where a financial planner recommended using the two pot system to withdraw funds from retirement savings. This seems to fly in the face of all the advice I’ve...
