Retire - Page 8 of 8 - Just One Lap

Retire: Do I have enough money to retire?

Carina Jooste 14 August 2018Latest, Retire

Spoiler alert - there are no hard and fast rules to help guarantee the ultimate in retirement comfort. But you can support this goal by being smart about your retirement roadmap: knowing how much you need to save, knowing that every percent counts and knowing that small sacrifices today mean massive returns once you leave ...

Retire: Fees – Part 2 (because eureka moments)

Carina Jooste 10 July 2018Latest, Retire

Find part 1 here. If you listen to The Fat Wallet Show you would know that we talk about fees. A lot. Why? Because fees are known for hacking away at returns. Every one percent charge can have a substantial effect on how comfortable your retirement will be. In July 2013, the National Treasury released ...

Retire: Fees – Part 1 (because it’s complicated)

Carina Jooste 5 June 2018Latest, Retire

Retirement fees Before we tackle the effect fees can have on the returns of your RA investment (and what you can do to prevent it), let’s get acquainted with the types of fees you may encounter when scrutinising your statements. Financial advisor fees There are various ways in which a financial advisor can charge for ...

Retire: Which annuity is right for me?

Carina Jooste 8 May 2018Latest, Retire

We often get asked which annuity is better at retirement - a living annuity (LA) or a guaranteed annuity (GA)? We’ve asked the 10X team for advice. “In choosing between the different types of annuities, you must consider a host of factors specific to you,” advises Catherine Neill, Marketing Manager at 10X. Your health, age, ...

Retire: Living vs guaranteed annuities

Carina Jooste 10 April 2018Latest, Retire

As we’ve mentioned in our very first RA blog, at least two-thirds of your RA or pension needs to be converted into an annuity upon retirement. But one does not simply buy an annuity - with many options available to retirees, you need to do your homework before settling on an annuity that's best geared ...

Retire: All things tax

Carina Jooste 13 March 2018Latest, Retire

First up, the 2018 budget speech and your RA In 2017 an amendment was made allowing for the transfer of your pension or provident fund to an RA if you decide to postpone retirement, or after you already retired. However, pension preservation and provident preservation funds were excluded from this amendment. This year’s budget speech ...

Retire: RA, pension or provident fund?

Carina Jooste 13 February 2018Latest, Retire

Saving for retirement is riddled with question marks and jargon. We'll kick off by answering one of the most-asked questions around retirement: how do we differentiate between a retirement annuity, pension fund and provident fund? All of them help you save for retirement, but they aren't synonyms. What is a retirement annuity? A retirement annuity ...