Tag - sandwich generation

Investing a lump sum near retirement

Make sure your retirement is taken care of before you help out your adult children. Themba writes: I have just sold my home for just over R 1 000 000 and would like advice on how to invest the money in a responsible way. In December this year I will also be receiving payouts from my investments made with MTN, Sasol and Southern Sun and should...

Financial planning for the “sandwich generation”

by Kagisho Mahura, investment and retirement planning specialist at Gradidge-Mahura Investments. The sandwich generation refers to those people who find themselves supporting both their parents and kids financially. The growth of the sandwich generation is an international phenomenon, with developed countries such as the US and the UK experiencing...

Long-term perspective: about more than just investments

Ensure that the “sandwich generation” is only a one-generation phenomenon, writes Kagisho Mahura In 1974, sociologist Dr Edward Banfield of Harvard University wrote a book entitled The Unheavenly City. In it he described one of the most profound studies on success and priority-setting ever conducted. Banfield’s goal was to find out how and why...

Old Mutual Savings Monitor: Reality hits

The latest Old Mutual Savings Monitor shows that South Africans are coming to terms with their new economic reality and taking control of their finances, but it’s still really tough to make ends meet. As households come under pressure from rising costs such as a higher petrol price, electricity and school fees, many have no choice but to cut back...