I recently asked a close acquaintance if there are any retirement concepts or jargon he doesn’t understand which I should break down in this post. His answer was simple. “I don’t know anything. I know I have one [a retirement annuity], I don’t know how much I’ll get when I retire and I don’t know ...

In our previous Retire post, we looked at endowments as a vehicle for supplementing your retirement savings. This month, we’re delving deeper into a firm favourite amongst many an investor: tax-free savings accounts (TFSA).  What is it? Created to make South Africans better at saving, TFSAs promote a culture of saving by being exempted from ...

There’s more than one way to save up for retirement, with benefits and disadvantages linked to each. An endowment policy is one such option.  What is it? An endowment policy is an investment product offered by life insurance companies for after-tax investments. It helps the investor to save regularly until the plan reaches maturity. Endowments ...

You know your number and how much you need to retire comfortably with an income replacement ratio of around 75%. The only problem is, the future state of your current savings is nowhere close to that number because you either started too late or haven’t started yet. According to 10x Investments’ 2018 Retirement Reality Report, ...

In the world of pension and provident fund products, changes and updates to regulations are part of a continual process to help South Africans enjoy a comfortable retirement. Recent updates to the Pension Funds Act—aimed to ensure access to more cost-effective products and to enable members to make better investment decisions—have been in the works ...

Two generations of women are facing two very different challenges to the same problem - navigating their way towards a comfortable retirement. Yesterday Our mothers and grandmothers are part of a generation where, more often than not, financial literacy has been the domain of men - how and where money is invested was determined by ...

I’ve been wrestling with the question of how I should allocate my savings between retirement annuities, tax-free savings accounts, and other savings products. Each one has different tax implications, and the right combination will yield more money after retirement. Being a data scientist, I wrote a computer program to determine optimal investment allocations in the ...