There is a need to make some local Government resources available. From time to time I will just do a few posts to fulfil this need. These posts will be on top of the usual weekly posts. This post about the Government Employee Pension Fund is the first in this series of about 5 posts …
When we retire, we rely on multiple streams of income to keep us afloat. The typical retiree will have a combination of Retirement Annuities (RAs), Tax-Free Savings Accounts (TFSAs) and discretionary savings. All of these will include shares, bonds and cash depending on the accounts you have. Determining how to use these funds in retirement …
On Sunday 10X released their second annual retirement report. I was fortunate enough to spend Monday morning with Steven Nathan and his team discussing some of the shocking stats that Brand Atlas gathered. The two things that stood out for me was the big discrepancy between the savings patterns of men and woman and the …
When we invest in different asset classes, each is taxed differently. Depending on where your money is invested when you retire, your effective tax rate will differ. This got me wondering, how badly can you fuck this up? Will you, by investing in the wrong asset classes, keep yourself from living the good life? About …
My savings rate We all make money from different sources. Most of us are simply earning a salary. A few of us have our own companies from which we also draw a salary. The lucky few, even have their own companies that earn money without their presence. That’s the dream. Irrespective of where your money …
The cellphone cost cycle Every second year, like clockwork, we renew our phone contracts. We go in with a preconceived idea of which phone we want and just renew the contract. Never do we compare phones, we simply buy the latest phone from the brand we love. Two minutes later, we have our brand-new cell …
How we save Remember when you were young and really wanted that radio-controlled car? Your parents wanted to teach you the value of saving. They offered to pay for half, if you saved the rest. So diligently you put away your monthly pocket money until three months later, you saved enough to contribute your half. …
This is a follow-up article on the article titled why I’m selling my properties, In this article, we saw that you will accumulate about 20% more money by building an income property portfolio. Here are some of the issues with retiring with property. 1) It is a lot of work The first issue that I touched on in …
The case for buying real estate As a kid, I read rich dad poor dad (affiliate) written by Robert Kiyosaki. It was a good read, but the whole book (and probably a lot of the subsequent books as well) can be summarized in one concept. You need to spend the extra money you have every month, …
There is a lot of hype around retirement annuities (RA’s) and the ridiculous tax advantage you get when using your discretionary allowance. By now everyone should be aware of the 27.5% tax-free allowance you get when you contribute to an RA. This means that you can subtract your retirement contributions from your taxable income. It …