by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
166 – SAFEGUARDING YOUR FAMILY’S FINANCIAL WELLNESS Question I have some questions about Life Annuities – the answer to which would probably be very helpful to other people considering the same decisions. Is it better to take a Life Annuity with a...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
167 – LIFE ANNUITIES: A CRASH COURSE Question I have some questions about Life Annuities – the answer to which would probably be very helpful to other people considering the same decisions. Is it better to take a Life Annuity with a higher initial payout,...
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...
