by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Life Cover
168 – LET YOUR KIDS TAKE OVER YOUR LIFE INSURANCE POLICY Question I will be retiring soon and have a life insurance policy for about R2.6 million. My monthly premium is R2555 with 7% cover growth and 10% premium growth. I no longer need the cover as I have no...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Offshore
169 – STRATEGISING HOW AND WHERE TO INVEST EFFICIENTLY Question I will be retiring in 10 years’ time and am currently paying the maximum into my retirement savings. I have extra funds that I can invest. Would you recommend that I use these to pay off my bond or...
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...
