No one is ever really ready for retirement. It’s so hard to know how to plan and what to think about.
However, it’s vital to have a plan. You need to know what you want and where you’re going. Things to do change though, and that’s okay. You can change your plan too.
These posts are all about retirement. How much you need to retire. How to plan for retirement when things are always changing. Retirement and divorce. What retirement means to you.
If you're following any personal finance blogs and accounts, you've probably heard of the FIRE movement. That is, Financially Independent, Retire Early. You have probably wondered whether it's really possible to FIRE in South Africa as the bulk of the…
Blended annuities – are they ‘just right’ for your retirement? A priority for South Africans approaching retirement should be to secure an income for life that at least covers essential monthly expenses (e.g. housing, food, water and electricity, transport, phone…
Regulations require you to use at least two-thirds of your Retirement Fund to buy an annuity when you retire. An annuity is a product that provides you with a monthly retirement income or pension. The regulation applies to a Retirement…
Have you ever wondered what happens to a pension when you divorce? As ugly as divorce is, it happens. Many people assume that the money will simply be split "half half", but that not necessarily the case. It all depends…
Retirement is an idea that’s deeply woven into the fabric of our culture. We all have the dream to retire, but, like everything, it didn’t always exist. It's an interesting concept and one that evolves through each generation. What retirement…
Are you one of the many folk who are starting late to save for retirement? Wondering whether you may have left it too late in fact? You're not alone. I've got a story for you... This is the first of…
Sponsored by 10X Investments Retirement planning basics The idea of retirement may be scary, especially if you’re in your 40’s (or older) and haven’t given it too much thought up to now. Retirement means different things to different people though,…
Few words in personal finance evoke as much fear, excitement and shoulder-shrugging as retirement does, and justifiably so. Let's take a closer look at what it means to retire. Getting old without getting poor For some, it’s the day you…
Ever thought to retire like a tortoise? May sound silly but it's the idea of a long term retirement plan. Slow and steady wins the game. The difference between investing and speculating A fundamental principle to understand is the difference…
When reaching retirement, we’ll almost all be faced with the choice of taking either a Guaranteed Annuity (also known as a Life Annuity) or a Living Annuity. But what are they and what are the differences between a life annuity…
A work colleague was arguing the value of retirement planning. In essence, with life expectancy of around 70 years and a family history of various illnesses (eg diabetes, heart problems, etc) my friend feels it's pointless saving for retirement. Why…
It’s not uncommon to change jobs every few years and at the same time think of cashing out your Provident Fund. It seems like a great way to access some “quick cash”, but is it really worth it? First appeared…
Read More Tax implications of cashing out your Provident Fund
