Share this! Prescribed assets – why all the fuss? The government can solve its money problem by drawing on the more than R6 trillion in managed savings. By Wouter Fourie (CFP®) – Ascor® Independent Wealth Managers The organisations that would benefit from our investments and pension funds have poor track records of managing their funds…
Share this! Five risks to your chances of retiring well – and the antidotes While these conditions may be a risk to your pension fund, the greater risk to your nest egg and to you retiring comfortably is much closer to home By Wouter Fourie (CFP®) Most retirees underestimate how long their retirement years will…
Share this! Use tax rules on retirement to your advantage Wouter Fourie CEO of Ascor® Independent Wealth Managers and a former winner of the FPI Financial Planner of the Year award Calculating and paying taxes is burdensome at any stage of life, but even more so when you are on the cusp of retirement. At…
Share this! Don’t let the default option lead you to a false sense of security A default plan doesn’t consider a retiree’s personal circumstances, and there’s a risk that it’ll severely under-perform your growth. By Wouter Fourie – Ascor® Independent Wealth Managers Every independent financial planner has stories to share of being approached by meeting…
Share this! Manage these biggest threats to your retirement savings By Wouter Fourie(CFP®) CEO of Ascor Independent Wealth Managers and 2015/2016 FPI Financial Planner of the Year Those who diligently save for retirement can be at risk if they don’t manage the threats of low growth, high costs or a too-short savings horizon Planning for…
Share this! You can be debt free by age 30 By Martin de Kock You don’t need another pair of shoes. You need to save from as early on in your life as possible! Did you know you can own a debt free home by age 30? How? Good financial planning starts when you receive…
Share this! South Africa election What should investors do? By Kirsten Hastings, South Africans head to the polls on 8th May in the sixth general election since the country toppled the apartheid regime in 1994.Cyril Ramaphosa was elected president of the ruling African National Congress (ANC) party in December 2017 by an incredibly slim margin, securing…
Share this! Default strategy may not always be the best option for retirees By Wouter Fourie (CFP®) and Business times Money A pre-selected retirement option offered through the new default regulations may make it simpler to choose an annuity strategy if you have to, or don’t want to, choose what happens with your retirement savings…
Share this! What are the tax implications for the beneficiary of my living annuity? Wouter Fourie (CFP®) Question: Will my minor grandchild be able to register as a taxpayer? If I bequeath my living annuity to a grandchild, I believe he has to receive an income from it (monthly or otherwise). Assuming that he is…
Share this! How much tax will be payable on the sale of a house held in trust? Capital gains tax was introduced in SA with effect from October 1 2001 and the gain or loss attributable for the period only needs to be considered on or after that date Question: We purchased a house for…