Daily Maverick Articles

With many investors now adopting a more optimal approach with their investment strategy by having money offshore, an important thing to take note of is "situs tax". Let's take some time and discuss what it means, what implications it can have, and how it can be worked around with some careful consideration.

When you invest for retirement, the point is, as straightforward as it may sound, to invest for the long haul. However, having too high a drawdown rate could foil those plans and leave you stuck in the mud. Let's discuss how you could circumvent this issue and save your future before it's too late.

The idea of retiring and having all of your affairs in order can be quite daunting, and there's often much anxiety when it comes to decision-making in this regard. However, as the saying goes, there are many ways to skin a cat. Let's discuss some of the options that are available to ensure a prosperous retirement.

We've all heard of "not keeping all of your eggs in one basket", but is there any merit to it? If the single basket falls and the eggs inside break, you'd have no backup. Similarly, from a financial perspective, if your wealth is concentrated in a single investment space, any trouble in the waters could be devastating.

As investors we can easily get drawn towards a product that offers high returns, but then the tax burden hits and almost all of the hard work of the investment is nullified. Let's explore some options that are available in order to limit the effect of taxation within certain investments.

A massive concern that many young parents face is the scenario in which both they and their partners die together or shortly after each other, and that their young child will be left uncared for. Let's take some time and discuss solutions to circumvent this problem, which is not as big an eyesore as it may seem to be.

The process of divorce can be one of the most brutal and transformative experiences anyone can go through. As the saying goes, "the show must go on", but naturally that's a lot easier said than done. Let's talk strategically about the routes you should take should you be thrown into such unfortunate circumstances.

Something we devote a lot of our time worrying about is the question "will my family have enough money when I'm gone?". Well, with some clever planning and strategic decisions, this is very achievable. Let's take some time and explore the options that are available to you to take some weight off of your shoulders.

With the local elections on the horizon, people may be getting anxious about the safety of their invested monies, but it is crucial as an investor not to time the market and predict its movements. The patient approach is generally correct, especially if there is a cohesive strategy connected to your investments.

Retrenchment is never an easy topic to cover or to think about. However, as tough as it sounds, the way to act in this situation is to be proactive, especially when it comes to money matters. Knowing what time windows and choices are available to make changes if needed is priceless and could have a significant impact on your financial health and stability in the future.

It's always a good idea to review your finances on a regular basis with your financial adviser, but unfortunately for some people, what seems like a good rendering of services could just be a facade. Let's sit down and have a quick discussion for warning signs to look out for and what little things you can do to ensure your own financial health in tandem with your adviser.

Hitting your fifties with no retirement planning behind you? Don't worry, not all hope is lost. Naturally, it's ideal that you start saving for the day retirement rolls around as early as possible, but here is my advice on how you should tackle this situation, should you find yourself firmly in it.