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...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
175 – Considerations for optimal investment returns Question I have seen several stories in social media about the imminent collapse of the American economy. We recently had a major collapse in the Japanese market and also saw the local stock market fall....
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Retirement, Tax
176 – The dangers of drawing from your pension fund Question I want to withdraw R30,000 from my pension in order to settle some debt. What are the pros and cons of doing this? Answer I have had several questions like this over the past week. When it comes to...
