Q: I have a retrenchment package and would like to invest some into a new business and some for retirement.Can you give me some general pointers? (I live in South Africa.) A: Firstly there may be some tax implications on your retrenchment package but there are special tax rates applicable to severance benefits. From 1 March 2014… [Read More]
The lack of money is the root of all evil
– Mark Twain
Whether you want to earn in the traditional or unconventional way, or grow your little pile into a big pile, there are smart ways to get there.
Q: When a home loan is fully repaid, is it financially of any benefit to transfer into home owner’s name or should the deeds be held by the Bank until the death of the home owner? On death it would presumably go into the estate and then onto the spouse, if the will was set… [Read More]
Review: BECOME YOUR OWN FINANCIAL ADVISOR by Warren Ingram Confession: I spent 67 years of my life shying away from anything financial. No amount of rational thinking and advice got through to me and I have paid the price. Even when I ran my own business I often let my heart overrule my head: I… [Read More]
Finding yourself at the age of 50, 60 or 70 without a retirement fund, is not a happy discovery. Whatever the reason, there will be feelings of despair. The first thing to do is realize that this is a loss like any other, and may follow a typical psychological pattern after loss: denial anger bargaining… [Read More]