Financial Advisor
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
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
Many of my clients have recently approached me to determine if they have enough capital to retire with. I think the reason for this is the fantastic growth we have witnessed from investments and properties over the past decade, which
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
The American financial planning industry is currently running a campaign to promote retirement savings. In typical US fashion it’s all about ‘hitting the number”, having enough capital in order to retire. I was reminded by a new client the other