Category: Retirement

The new proposed mandatory retirement fund – storm in a teacup or a powerful example?

The new proposed mandatory retirement fund – storm in a teacup or a powerful example?

On the 18th of August 2021, the Minister of Social Development, Lindiwe Zulu, published The Green Paper On Comprehensive Social Security And Retirement Reform (2021). It sets out the Government’s proposal for a mandatory, comprehensive retirement and social security system. 13 days later, on the 31st of August 2021, the Minister withdrew the controversial document without saying why.

How to prepare for retirement when you work for yourself

How to prepare for retirement when you work for yourself

If there is one thing that the current pandemic has taught us, it is that life is unpredictable. We need to put measures in place to make sure that we are prepared for the future. There have been many changes in how and where we work. This means that for many of us who work for larger institutions on a permanent basis, the traditional safeguard of a pension and or a provident fund remains but with a new structure.

On prices and dinosaurs – watching the History Channel and reliving your youth

On prices and dinosaurs – watching the History Channel and reliving your youth

A university has invited me to address their history department. I think they did so because I am the only fossil – an ex-student – they could find. Initially I thought it would be fun to tell the students about what it was like studying at that institution during the 1970s (the good old days?) but on reflection I realised it is all a bit embarrassing!

Whilst you wait for the airports to open, do you know your ETNs from your ETFs?

Whilst you wait for the airports to open, do you know your ETNs from your ETFs?

It seems as if Crazy Covid mutated and have given fraudsters super grabbing powers in South Africa. We have seen families profiting off political connections. We have heard horror stories of irregular PPE tenders and irregular spending such as many, many millions of Rands wasted on flooring for a make-shift hospital that seems to consist of novel see-through material as no one has seen it…Let us do a cold reality splash quickly. Then take a deep breath and look at four more realistic options for safeguarding your investments through international exposure.

What they don’t tell you about preparing for retirement

retirement planningWhen it comes to retirement planning, the focus usually centres on savings and the accumulation of assets. The assumption is that when you plan for retirement, your only
concern should be replacing your salary with a pension.

I think there are five equally important challenges to consider:

Continue reading “What they don’t tell you about preparing for retirement”

Deadline for New Retirement Annuity Contributions Looms

retirement-annuityIt’s tax time, which means it is also retirement-annuity season.  As an investor in a retirement annuity (RA), you’re able to make ad-hoc additional payments into your funds annually, and with the deadline looming the time to top up is now.

The closing date for topping up your RA is 28 February and you should ideally let your financial advisor know a few working days before that date in order to allow for admin processing. Specialising in financial planning services Northwood will ensure that you have the most favourable RA to suit your needs. Continue reading “Deadline for New Retirement Annuity Contributions Looms”