Personal Finance
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15 July 2024anemptytextllineSouth Africans are struggling to save for retirement, prompting a shift to a two-pot system for retirement funds starting 1 September 2024. This system splits contributions into a savings pot and a retirement pot, with financial advisers playing a crucial role to secure their long-term financial well-being.
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12 June 2024anemptytextllineGraduating marks the beginning of an exciting yet challenging phase where financial independence demands careful budgeting and responsibility. Prioritizing an emergency fund is crucial to cover unexpected expenses, followed by long-term investments such as tax-free savings accounts for future security.
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15 May 2024anemptytextllineThe recent changes allowing higher allocations to private markets and hedge funds within South African retirement funds reflect a growing trend in alternative investments that could directly impact your retirement strategy. These shifts open doors for potentially higher returns and improved portfolio diversification, which are crucial considerations for anyone planning their retirement journey.
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14 May 2024anemptytextllineAsset management and wealth management are key terms in the financial services industry. While all investors benefit from professional advice, wealth management is geared towards individuals with larger and more complex portfolios, offering comprehensive financial planning beyond just investment management.
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1 February 2024anemptytextllineBeyond tax relief, RAs offer tax-free growth, creditor protection, forced savings, and flexibility, making them a versatile and secure option for your retirement planning.
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31 May 2023anemptytextllineThe ZAR is notoriously hard to predict in the short term. History shows it can remain strong or weak for extended periods of time. However, we know the relationship with the resource sector, and should these prices remain elevated, the ZAR will inevitably strengthen.