Thought I would start the year with a philosophical article in posing the question when is enough, enough? Establishing if you have enough for retirement is a simple exercise of figuring out the income you need to fund your lifestyle
Commentators who think they know it all
My favourite to despise financial commentator, MH for anonymity reasons, was up to his old tricks this week with another article trashing SA in favour of offshore investing. He is confident and outspoken in his view, which reminds me of
Tax free Bank deposit advice
I was in two minds whether to write this article criticising the banks for promoting their tax-free savings products for fear of discouraging the act of saving in a country where the savings rate is negative, which means “we don’t
Sustainable income drawdown
Following the income thread of my previous article, this week I will cover sustainable income drawdown rules for retirees. Below is the FSCA guidelines for sustainable income drawdown rates for living annuity pensioners. The same drawdown rates would apply to
Will retirees’ capital last entire stretch?
This week I would like to focus on the term capital income, which is usually used to describe the taxable portion of a capital gain realised. However, the term capital income is also applicable in retirement planning. Let me explain
The estate planning benefit of retirement funds
Retirement Funds are well understood for the income tax benefit in that contributions to retirement funds are tax deductible based on 27.5% of a person’s taxable income, capped on R 350 000 per annum. Often overlooked is the estate planning benefit
Living Annuity and Death
Never a topic we like to discuss but dying with a living annuity has some important planning considerations, which I will briefly cover in this week’s article. Living annuity contracts allow the retiree to bypass his / her estate on
Retirement is a ticking bomb
I fear the average South African is facing a ticking time bomb iro underfunded retirement as we continue to kick the proverbial can down the road until we are forced to deal with the reality of the situation and then
What does money really mean to you?
Establishing if you have enough for retirement is a fairly simple exercise of determining how much income you need to fund your lifestyle and then calculating how much capital is required to provide for this income using an assumed rate
A more sustainable provision for retirement
Living Annuities are currently under the spotlight and likely to be blamed for poor retirement outcomes. However, this is like blaming traffic fatalities on the invention of the motor vehicle. Taking a step back living annuities have all but replaced