Category

Retirement

13
Mar
2015
0

‘Don’t Put Baby Boomers out to Pasture!’

Too young to retire from an active business life, yet seen in many workplaces as being too old to be of any use – this is the lament of the Baby Boomers, those people born after the Second World War in the so-called baby boon years between 1946 and 1964.  But, argues Marilyn Hallett, it is a big mistake to put the Boomers out to pasture.  Click here to read the article.  Also see previous article “Rethinking Retirement”

4
Jun
2014
0

The Accidental Investor: Shy of Retiring

The Accidental Investor by our contributor, Nick Warren, returns with his thoughts on retirement…

Retirement is wasted on the old. It is best suited to the young and dynamic. Those you read about in business and lifestyle magazines. The young bucks that make their fortunes and build their empires and ‘retire’ at 35 only to saunter back onto the front covers with new ventures as 40-year old veterans.

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19
May
2014
0

Retirement Annuities Q&A

A retirement annuity can be an excellent vehicle to save for your retirement, particularly if you are a small business owner or a self-employed professional – and therefore do not contribute to a corporate pension or provident fund.

Furthermore, even if you do belong to a corporate pension/provident fund, there may be tax benefits to be gained from contributing to a retirement annuity.

To provide further insights into this, we have put together a Q&A which explains what retirement annuities are, and how they work…

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12
May
2014
0

How Much Should You Withdraw from Your Living Annuity Each Year?

This is a difficult question to answer, and one which many retirees are forced to grapple with.

In terms of current SARS practice, you are allowed to withdraw no less than 2.5% and no more than 17.5% of the capital amount of the living annuity fund per annum (for more information on annuities read our article “Life and Living Annuities (Q&A)”).

Let’s break this down…

For the purposes of this exercise, it is assumed that the growth in the nominal value, i.e. the actual percentage growth earned on the investment of ‘the capital’ in the living annuity fund, will increase in value by 10% per annum. Note, however, that this rate of growth is an assumption which may or may not be achieved.

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6
May
2014
0

Enjoying Retirement: A Letter to My Daughter

I mentioned when I started the blog that I would post the occasional light hearted article.  This is one of them.  Peter Sullivan, former Editor-in-Chief of Independent Newspapers and one of our contributors, is someone who is particularly adept at living a portfolio life (click here to read “Life Can Be Good in a Portfolio Life”). He is retired but is as busy and active as he’s ever been (have a look at our recent article “Rethinking Retirement”). He recently celebrated his 65th birthday by going on a cycle tour through the Karoo with a group of friends. Here he describes the joys of the experience in a letter to his daughter, Helen, who is working in the United States…

My darling daughter Helen

What a pity you couldn’t join my 65th birthday cycle ride through the Karoo. You would have loved it. Happy as you are in New York, South Africa is still special to you I know, and the Karoo a very special part of it. Your great-grandfather was born there. Cycling is the best way to see it, specially with friends.

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8
Apr
2014
0

Rethinking Retirement

In the not too distant past, retirement was a very straightforward process for most working people.

The average middle class working professional would spend a substantial number of years (if not their entire working life) working for the same company.   When a certain, specified age was reached the employee was then waved off with a pension package that would be sufficient to allow him or her to maintain a decent standard of living as an official retiree.

All very reassuring, right?

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2
Apr
2014
0

Life Can Be Good in a Portfolio Life

This is an interesting article by one of our contributors, Johann Redelinghuys, which encourages us to think in different, innovative ways about work and retirement…

…In London, a retiring chief executive would collect several board appointments, take on the chairmanship of a suitable charity, perhaps do some teaching at a business school, throw in a little travel and golf – and then be satisfied he had created a “portfolio life”.

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