by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Life Cover
147 – ENSURING YOUR SPECIAL NEEDS CHILD IS TAKEN CARE OF AFTER YOU DIE Question I have a special needs child who needs permanent care. I am concerned about what will happen to him when my wife and I pass away. What should we do now to ensure that he has...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Retirement, Tax
148 – HOW TO PAY LESS TAX ON YOUR RETIREMENT INCOME Question I recently read an article of yours where you discussed the importance of managing the sources of your retirement income to reduce the tax that you pay. I have R9m in retirement savings and a similar...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
149 – MAKING THE MOST OUT OF YOUR TAX-FREE INVESTMENT Question Are tax free investments worthwhile? Answer I do a lot of financial planning for people approaching retirement who have investments that they made many years ago. When they want to withdraw the...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
150 – PENSION CONSIDERATIONS FOR RETIRING TEACHERS Question I am a school teacher and will be retiring next year after 40 years of service. One of my colleagues mentioned that the government is planning on taking part of our pension fund and using it to bail out...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
153 – BEWARE FINANCIAL ADVICE THAT DOES NOT ADD VALUE Question I am 28 years old and met with an insurance broker who suggested that I make a regular monthly investment. He gave me a quote on an investment that targets a return of inflation plus 2.5%. When I...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
154 – CHOOSING BETWEEN TWO DIFFERENT ANNUITY OPTIONS Question I am a 70-year-old pensioner and derive my income from a living annuity (from which I draw 2.5% each year) as well as drawdowns from my investment portfolio. I am thinking about converting my living...
