by adminfwc | Nov 19, 2024 | Investment, Retirement
3 – How to live on interest income if interest rates decline Question I have money in the bank that I use to provide me with an income. I am finding it difficult to make ends meet because of the decreases in the interest rate. What do you suggest I do? Answer...
by adminfwc | Nov 19, 2024 | Investment, Retirement
4. How to save for your retirement – even if you have left it late Question I am 42 years old, earn R40 000 a month and have not saved anything for retirement. How much do I need to retire on and what should I do about it? Answer The amount of money you need to...
by adminfwc | Nov 19, 2024 | Retirement
5 – Living annuities Question I am 73 and live off the income from a living annuity. Even though I have not increased my monthly income in two years, the capital value of the annuity has decreased significantly. What can I do to ensure that I do not run out of...
by adminfwc | Nov 19, 2024 | Life Cover
6 – Funeral policies Question My father has just been to a friend’s funeral and wants to buy a funeral policy. Are they worthwhile and how do we go about choosing one? Answer If you had asked me this question a month ago I would not have felt as passionately...
by adminfwc | Nov 19, 2024 | Divorce, Investment, Life Cover
7 – Divorce Question I am getting divorced after 14 years of marriage. I never paid too much attention to my finances in the past. What do I need to do and what should I look out for? Answer Divorce has a massive impact on everyone in the family on all levels....
