Tag - Retirement

Sleepwalking to retirement

National Treasury recently released its latest paper on retirement reform entitled "Retirement reform: lowering charges and improving market conduct" in which it makes recommendations for default retirement options which will provide a reasonable retirement solution to those individuals who don't want to be actively engaged in their retirement...

The impact of debt on our retirement

Debt is the main reason people withdraw their retirement benefits when changing jobs, according to key findings of the 2015 Sanlam Benchmark Survey, a comprehensive annual review of South Africa’s retirement industry. After interviewing thousands of retirement fund members and pensioners, the survey found that where people had withdrawn...

Five steps to sustainably grow your wealth

Middle and upper-class South Africans are earning more than enough to afford comfortable lifestyles, but they need to come to terms with the trade-offs required to ensure that their lifestyles are sustainable well into a long retirement. Andrew Bradley, chief executive officer at Old Mutual Wealth (OMW), says despite the burgeoning growth in this...

Prioritising your retirement savings in 2015

Steven Nathan, CEO of 10X Investments, tells us why saving more and spending less is one New Year’s resolution we should all be sticking to. Research suggests that most people have abandoned their New Year’s resolutions by the beginning of February. Spending less and saving more is high on the list of proposed lifestyle changes, but...

Fifteen investment tips for 2015

By Duggan Matthews, Investment Professional, Marriott Asset Management Invest for income and let the capital take care of itself. The value of a business is based on the income or earnings it can generate. Only through increasing its income can the value of a business increase, a maxim well known by those running their own businesses. Over the...

Should I pay off my bond with my pension?

If you cashed your pension in to pay off your bond make sure you replace it over time. Sego writes: I have R100 000 from my pension fund which I cashed out last year. I am 30 years old and have a retirement annuity which I took out recently. Should I use the R100 000 to pay into my mortgage bond? Maya replies: It’s a pity that you cashed in...