Tag - retirement planning

What to do if you’ve cashed in your pension fund

The continued mass resignations and cashing-in of pension funds by employees belonging to the Government Employees Pension Fund is a concern that has been highlighted widely. The biggest risk in withdrawing your pension fund is the issue of financial stability at retirement; the 2014 Sanlam Benchmark Survey found that only 29% of working South...

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...

How much do I need to retire?

Clifford, like many people nearing the age of 50, is starting to worry about his retirement and whether or not his current savings will be enough to provide a decent income in retirement. “I would like to live on R3 million in my retirement. My mortgage bond will be paid off in December and I won’t have any children to support,” says...

Are your children wrecking your retirement planning?

Lara Warburton of Imara Asset Management warns of the dangers of putting your children’s financial needs before your own. How long should you financially support your children and when do you start looking out for your own future and that of your spouse? It’s a tough question and many couples duck it, with a good chance of wrecking any hope...