by adminfwc | Nov 19, 2024 | Investment, Retirement
3 – How to live on interest income if interest rates decline Question I have money in the bank that I use to provide me with an income. I am finding it difficult to make ends meet because of the decreases in the interest rate. What do you suggest I do? Answer...
by adminfwc | Nov 19, 2024 | Investment, Retirement
4. How to save for your retirement – even if you have left it late Question I am 42 years old, earn R40 000 a month and have not saved anything for retirement. How much do I need to retire on and what should I do about it? Answer The amount of money you need to...
by adminfwc | Nov 19, 2024 | Divorce, Investment, Life Cover
7 – Divorce Question I am getting divorced after 14 years of marriage. I never paid too much attention to my finances in the past. What do I need to do and what should I look out for? Answer Divorce has a massive impact on everyone in the family on all levels....
by adminfwc | Nov 19, 2024 | Investment
10 – Pros and cons of an investment property Question I am thinking of buying some investment properties and using these to provide me with a pension when I get older. It looks good on paper but then there is a spreadsheet and there is the real world. What are...
by adminfwc | Nov 19, 2024 | Investment, Retirement
11 – How not to run out of money when you have a living annuity Question I am a 69-year-old widow living off a living annuity. I draw a fixed amount from the living annuity each month. I have just received my annual document from the insurance company, and it...
by adminfwc | Nov 19, 2024 | Investment
19 – What to do about the declining fixed deposit rates Question I have a fixed deposit of R1 million that will be maturing shortly. As interest rates have declined , I will not be renewing it. I am 79 year old widower and am looking for an income to supplement...
