Retirement

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Saving for retirement? How much is enough?

30 July 2014 | General

According to National Treasury, only six per cent of South Africans are able to maintain their current lifestyle as well as uphold their current income when they retire; echoing the fact that South Africans save very little.

Will you enjoy a comfortable retirement?

28 July 2014 | General

For most people, retirement tends to be either a passing thought or an eventuality that we assume we are well prepared for, through the company we work for. Yet in reality most employees are not adequately prepared for retirement, meaning they have not saved enough money to sustain their lifestyle during retirement. Statistics show that 51% of South Africa’s pensioners can’t make ends meet and that a third of them do not have enough cover for medical expenses, which is the second biggest expense for pensioners.

Using a retirement annuity as an estate planning tool

22 July 2014 | General

Additional contributions to an RA provide opportunities for astute estate duty and financial planning.

Baby Boomers’ retirement concerns – lessons to be learned

21 July 2014 | Savings & Investments

As South Africa’s so-called Baby Boomers reach retirement age, around a third have no formal provision for their retirement and face the prospect of hardship. This serves as a wake-up call for Generations X (born 1965 – 1979) and Y (born 1980 and after) that the sooner you get good financial advice and take control of your financial future, the better.

quick poll

Question

If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?

Answer

2026, as promised 2027 looks more likely Impossible to say More consultation needed

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