Planning for Purpose: Finding new meaning in retirement
Finding purpose in retirement is as necessary as it is rewarding. While retirement offers more free time, filling that time with activities that give your life meaning and satisfaction is critical.
What can you do to help you discover how you should direct your time and energy once you retire?
Hidden enemies that will derail your financial plan
In financial planning, there are hidden, yet prevalent, enemies that can undermine our financial goals and well-being. You might think these enemies are volatile markets, economic growth, or inflation, but it's actually far more subtle than this. The enemy is, more often us, specifically, the financial behaviours we practice without even realising it.
How to help your children make career choices
This may seem obvious, but undergraduate studies are not just to prepare you for a career or to provide you with a means to an end. Undergraduate studies should be the beginning of lifelong learning. Over their lifetimes, current students are likely to need to continue their studies in many fields across many different careers. So rather than think about a first career choice as the ultimate choice, consider it the first of many choices to secure and further your career.
Integrating Health into Financial Planning
The odds are, your health will change, sometimes unexpectedly. And if current research is anything to go by, protecting your health is more important than ever – especially as we are likely to live longer than before.
Topline Quarterly Review: Q1 of 2023
The first quarter of 2023 kept us on the edge of our seats. Globally, tight monetary conditions are starting to impact the stability of the banking sector. Locally, it was shades of grey. First a grey-listing and then more darkness for the country.
What can we expect for our money this year?
At the start of every year, forecasters cannot help themselves. Forecasts for inflation rounded to a decimal, appear like clockwork. We should know to ignore them by now.
However, and somewhat surprisingly, longer-term trend forecasts are often more accurate.
Why entrepreneurs should have a holistic financial plan, and not just a tax plan
Holistic financial planning, specific to an entrepreneur’s circumstances, provides better results for a client. Even simple organisation, like having the correct documentation in place, can mean the difference between deriving value from your entrepreneurial effort or not.
Clear is kind. Planning for your death.
We have written various articles on wills and death before. Why? Because, as we have seen over the years, it is complex, especially when winding up estates. It is not enough to draw up a will and take out life cover.
Estate planning requires thought and careful consideration because every family is unique, and each has its own complexities and challenges to address.
How to know if endowments are for you
An endowment policy is not a one-size fits all approach. It should be carefully considered, taking your specific needs and circumstances into account.
What is an endowment, and does it make sense for your investment portfolio?
Do I really need an offshore will?
Who gets the precious family heirloom, or the offshore investment that you worked so hard to protect and grow? How do you ensure that it ends up where you intended?
Let’s take a deeper dive into this practical element of estate planning, namely having an offshore will.
Why you should think about your work
In the past financial planning has focussed on helping people protect and save their income or investments. We assumed a steady inflation tracking income in our retirement models and insured against disasters. However, we can no longer assume straight-line careers that will produce steady incomes. We must start to plan for frequent career changes, much longer working years and include discussions about career planning in our financial planning.
What’s the story with prescribed assets?
For a while now, we have been reading with great interest about how the government wants to be able to control how our retirement savings are invested. This is usually referred to by its short name, “prescribed assets”, and advocates on either side of the argument have been keeping us glued to...
The truth about divorce
If your future depends on it, you should know about it. The lockdown has probably challenged most marriages. Some have been broken. Divorce attorneys are already dealing with the fall out as they report up to a 20% rise in divorce applications. The current economic climate will make these divorce...
Time to reframe risk
Risk is something that can be measured, and we, regardless of understanding the measurements, use it to make investment decisions. The problem is, we think we are concerned about risk, but we are not. Humans are much more concerned about uncertainty!
Prescribed assets: by the numbers
Is it still worthwhile to invest in a retirement annuity, pension or provident fund with Prescribed Assets on the cards? Our numbers conclude that the tax benefit outweighs the negatives, even taking a big capital loss into account.
2017 and the case for a low return environment
-By Thiart van Der Merwe - A prolonged, low-growth environment and no real returns from our market were the main talking points as we entered 2017. With constant negative press on corruption and a deteriorating political landscape, one can understand the inclination to be pessimistic. Up to the midway point the pessimists were right. The stock market surprised ...
The Good News You’re Missing
-By Sunél Veldtman - Recently, I have noticed how many conversations about the world lead to a conclusion that the world is a mess. We seem anxious and insecure about the future. If I look at my social media feed, it is no wonder. Bad news abounds. Korea is angling for war. Trump plans to block immigration. ...
US Presidential Election 2016
We haven’t paid much attention to US elections in the past…Democrats, Republicans, Bush, Clinton or Obama – there has been a broad acceptance of neo-liberal capitalist policies supported by globalisation. Yesterday, that changed.
What’s going on with world growth?
Despite years of unprecedented stimulus from authorities all over the world, the global economy is sluggish. Global growth expectations are continually adjusted downwards and are still well below long-term averages. This year the World Bank adjusted its global growth forecast downwards to 2,4% from 2,9% in January. So, what’s happening with economic growth and why is ...
The United States, a Declining Power or the “Indispensable Nation”?
PortfolioMetrix’s Brandon Zietsman wrote an interesting piece on the possible shift of power away from America to the likes of China, and whether you should look at size in isolation or is there more to a power shift than just the production numbers of a country. An interesting read. American exceptionalism has defined the way Americans ...
Significant tax changes finalised in Taxation Laws Amendment Act
Earlier this month, the Taxation Laws Amendment Act was passed in parliament. The Act included significant retirement reforms. Although these reforms follow years of negotiations, it has still been met with resistance especially by labour unions. What do these reforms mean for high net worth individuals and families? We believe these changes go some way to simplify ... Read more