by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Life Cover
135 – Being able to provide for your children should you and your partner pass away Question We have just had our first child and want to update our will. Are there any special issues should we look out for? Answer The first thing you should consider is what...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Offshore
137 – Spreading your wealth across various asset classes Question A lot of my friends have been talking about a potential financial crash in South Africa and that we should move all our assets offshore. I am scared that we may end up with a situation where all...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
138 – Helping you choose the right annuities to fit your needs Question I will be retiring at the end of the year and need to decide on what type of annuity I take. Here are the key details: I have around R4 million available after I take my lump sum. My wife...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
139 – Beware possibility of exhausting the funds from a living annuity Question I am 81 years old and have a living annuity worth R2.1 million from which I am currently drawing a pension of 15%. I have just received a notice from the company that pays the...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Offshore, Tax
140 – Situs tax: a potential thorn in the side if you’re not careful Question My financial advisor has told me that I could be liable for situs tax on my offshore investments. I have never heard of this before. Is there such a thing? Answer As we...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Life Cover, Medical
141 – Finding the sweet spot when choosing a medical aid Question I received an email from my medical aid instructing me to choose the benefit option I want for the new year. I have no idea what I should look out for. Do I just choose the most expensive one...
