by adminfwc | Nov 20, 2024 | Financial Planning, Medical, Retirement, Retrenchment
131 – Addressing the financial implication of retrenchment Question I was recently retrenched and have just received a communication from the company pension fund which says that they will allow me to preserve my retirement funds with them. Should I do so?...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
138 – Helping you choose the right annuities to fit your needs Question I will be retiring at the end of the year and need to decide on what type of annuity I take. Here are the key details: I have around R4 million available after I take my lump sum. My wife...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
139 – Beware possibility of exhausting the funds from a living annuity Question I am 81 years old and have a living annuity worth R2.1 million from which I am currently drawing a pension of 15%. I have just received a notice from the company that pays the...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
144 – BEING SAVVY WHEN CHOOSING PORTFOLIOS CAN IMPROVE YOUR PENSION Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate of 41%. Is there anything...
by adminfwc | Nov 20, 2024 | Financial Planning, Investment, Retirement, Tax
145 – CONSIDERING THE TAX AND RISK IMPLICATIONS OF A RETIREMENT PLAN Question My wife and I are now nearly 80 years old. We have just over R6 000 000 invested in Bonds with 5-year terms. We have a combined monthly income from those investments of just less than...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Retirement
146 – THINKING CAREFULLY ABOUT RETIREMENT PRODUCTS Question Many companies are currently promoting retirement annuities. I understand that there are tax benefits to be had from this product however I have also heard some horror stories about how badly they have...
