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...
by adminfwc | Nov 19, 2024 | Estate Planning, Investment, Offshore
20 – Death and offshore assets Question My father has several investments in South Africa and offshore. He wants to be able to transfer wealth as easily as possible to his children and grandchildren. I have been helping him here but am coming across terms like...
