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 | Divorce, Estate Planning, Financial Planning, Tax
151 – HOW TO GET A BETTER AFTER TAX INCOME Question I am 68 years old and live on the proceeds of an R8 million divorce settlement. This is invested in a number of bank deposits from which I currently receive around 8.5% in interest each year which is more than...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Life Cover, Tax
152 – UNDERSTANDING DEATH BENEFIT PAYOUTS AND THEIR TAX IMPLICATIONS Question My wife recently died and our daughter will be receiving a death benefit payout from her company provident fund. (This is in addition to the group life benefit she had.) We were told...
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 | Financial Planning, Investment, Retirement, Tax
157 – A LATE STARTER’S GUIDE TO RETIREMENT SAVINGS Question My father is in his 50s with no retirement savings whatsoever. He wants to retire in 10 years time. I know that he has left it a bit late and that he will probably not have a decent pension. What...
by adminfwc | Nov 20, 2024 | Estate Planning, Financial Planning, Investment, Tax
159 – ENSURING ALL IS IN ORDER FOR WHEN YOU’RE NO LONGER AROUND Question My wife and I are in our mid-80s. I am not in very good health, and I would like to leave my affairs in the best possible order should I die before my wife. Our house is in my name...
