Understanding how your money is earned, spent, and invested empowers you to make informed decisions. Financial wellness is more than just having money in the bank. It’s about creating a stable, secure, and fulfilling life. It intersects with physical and mental well-being, forming a foundation for long-term peace of mind. Whether you’re just starting your […]
A well-planned retirement isn’t just about savings – it’s about balancing life expectancy, spending needs, and diverse income streams for long-term financial security. When people ask, “How much do I need to retire?” it’s tempting to look for a simple answer. Rules of thumb, like saving 25 times your expenses or following the 4% withdrawal […]
Retiring from a retirement fund marks the shift from accumulating savings to drawing an income. Choosing the right annuity for your unique circumstances can be complex, with numerous factors and variables to consider. This decision requires careful evaluation to ensure your retirement capital effectively supports your financial needs and goals. Should you take a cash withdrawal? […]
South Africa’s retirement funding industry is highly regulated, complex, and challenging to navigate independently. Knowing the differences between retirement fund vehicles and their tax implications is crucial for building a well-structured portfolio aligned with your needs. In this article, we take a closer look at these vehicles, their benefits, and the legislation that governs them. […]
Following a systematic approach towards managing your finances for 2025, we would suggest that you do the following: Draw up a budget The first thing you need to do is draw up a budget. You need to know how much money is coming into your household each month and how much is going out. You […]
Renowned economist Dawie Roodt shared his economic outlook for 2025 – including interest rate cuts, inflation, the NHI and where investors should be putting their money. Daily Investor asked Roodt to share his thoughts on how South Africa’s economy will fare in the coming year. Where economic growth is concerned, Roodt explained that he expects […]
It is important that you, as a couple, understand the state of your finances and have a documented plan for where your income streams are going to be coming from. Question: I have always managed the family finances. I am concerned that when I die my spouse could receive the wrong financial advice and run out […]
Children living abroad who have not officially emigrated might still be regarded as South African tax residents, which has implications when they inherit their parents’ deceased estate. Question: I have children who are living overseas. They did not emigrate officially and are now citizens of the countries where they are resident. They have absolutely no assets […]
Many South Africans have contemplated a possible exit plan from the country, either now or in the future. It is important to understand the major consequences that emigration will have on your worldwide assets, investments, and tax status. In this newsletter, we tackle some important and difficult-to-understand financial issues regarding emigration, our obligations to SARS […]
Once you reach retirement, you need to make investment choices to ensure that the money you have saved will last as long as you live. Choose wisely to ensure your money outlasts you – here are your choices: You have three choices in this regard: a living annuity, a guaranteed life annuity or a […]