by adminfwc | Apr 1, 2025 | Financial Planning, Investment, Retirement, Retrenchment
198 – Securing a steady income after early retirement Question Our company is closing down, and I’ve been put on early retirement. I am 60 years old and have R5m in my provident fund and R3m in savings which includes the severance package. I am concerned...
by adminfwc | Dec 2, 2024 | Financial Planning, Investment, Retrenchment, Uncategorized
187 – What to do if you get retrenched Question I have just been retrenched and I’m feeling quite overwhelmed by all the decisions that I need to make. Do you have any suggestions on what the big pitfalls are and how to avoid them. Answer Getting retrenched is...
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 19, 2024 | Investment, Retirement, Retrenchment
1 – Retrenchment Question I am a computer programmer at a large IT company. I have been notified that I will be retrenched at the end of August. I am 39 years old, divorced with a 10 year old daughter. I have had health issues in the past. I am worried that I...
by adminfwc | Nov 19, 2024 | Retrenchment
25 – Two things to consider if you get retrenched Question I have just been retrenched and have received some documents from my employer. They talk about in-fund preservation and a continuation option on risk benefits. Answer It is difficult to give you an...
by adminfwc | Nov 17, 2024 | Retrenchment
83 – Here’s a financial game plan to relieve the stress after retrenchment 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...
