08/04/2022
When last did you review the returns of your Retirement Annuities. We often see so many clients that are stuck in the old traditional retirement annuities. Their returns are meager compared to what the market is actually returning, often as a result of expensive fees and commissions that is just skimmed from the top of your investment. Let's face it, not everyone knows what they are invested in and how much they are paying behind the scenes. Most of us just tend to buy a product, make our monthly contribution and hope for the best at retirement.
This is an important savings goal and worthwhile the annual monitoring and review to make sure it remains on track with modern investment solutions. If it's not delivering the returns it should, modern retirement annuities allow you to easily transfer between annuities without penalties and charges.
Many Retirement Annuity products available to you market these retirement annuities with "boosters" or "bonuses" that pay out at the end of the term. This is in fact just your fees paid back to you for remaining invested in their product. Why not earn these benefits from the get go.
These fees can erode your future retirement value by as much as 30%-50%.
Speak to us if you would like us to make sure you are in the most optimal retirement savings solution
https://www.moneyweb.co.za/financial-advisor-views/dont-stay-where-you-arent-happy/
18/03/2022
Another interest rate hike is looming. If your budget is tight and you would like to see where you can save a little extra. Short-Term insurance (household contents, vehicle and building) is an easy way to reduce your monthly expenses.
Please send us a message if you are interested in a review of your short-term insurance premiums.
https://www.moneyweb.co.za/news/south-africa/sarb-to-hike-repo-rate-to-4-25-on-march-24-poll/
01/02/2022
It’s that time of the year where we are busy making our final contributions to retirement annuities and tax-free saving account limits.
Be sure to avoid these mistakes regarding your TFSA.
Avoid these money moves with your TFSA
While tax-free savings accounts (TFSAs) offer attractive tax benefits, here are four money moves you should avoid to ensure your TFSA works for you.
25/12/2021
We wish all our clients a Merry Christmas.
