|
When a plan comes together |
|
Pieter Willem Moolman
|
As a financial management group, we are often requested by current and
prospective business owners to assist in drafting business plans.
They either need to submit the document to a bank when applying for
finance, or they want to realign their business strategy to adapt to a
changing marketplace.
In today’s economy, where retrenchments and early retirements are
commonplace, the trend is that more and more people become business
owners – whether they start their own business or buy one – and they
need specialised guidance.
|
|
Read more...
|
|
|
’n Praktiese testament is ’n móét |
|
Pieter Willem Moolman
|
’n Leser, wat as die enigste eksekuteur van haar man se boedel aangestel is, wil weet of dit normale praktyk is.
Dit is R10 miljoen werd en sy is bekommerd dat sy nie opgewasse sal wees om dit te kan hanteer nie.
Ek het ongelukkig slegte nuus vir haar. Daar wag beslis ’n moeilike tydjie, veral omdat sy nie ondervinding hiervan het nie.
Niemand wil met sulke probleme opgesaal wees terwyl hulle rou nie en,
in my ondervinding, word “slegte” besluite dikwels geneem waar daar
emosie ter sprake is.
Na aanleiding van die leser se vraag, sal ek ’n bietjie oor testamente en die bereddering van bestorwe boedels uitwei.
|
|
Read more...
|
|
|
Accrual system affects planning |
|
Pieter Willem Moolman
|
When doing estate planning for clients, one of the first questions I have to ask them is how they are married.
While most people at least know whether they are married in or out of
community of property, very few can remember whether or not the accrual
system is applicable or not. This also means that they do not
understand the implications this factor could have on their estate
planning.
|
|
Read more...
|
|
|
Pieter Willem Moolman
|
A reader has asked me to comment on his retirement provision.
He is due to retire in about three years’ time and will then have
contributed for about 10 years to a provident fund. His accumulated
capital will amount to approximately R110 000 and he wants to know what
his options are.
The first important aspect to keep in mind is that the growth of your
provident fund (or any other investment) is not only related to the
time over which you have invested, but also the amount contributed.
|
|
Read more...
|
|
|
The long and short of insurance |
|
On the Money with Pieter Willem Moolman
|
|
I recently received an e-mail from a forward thinking 25-year-old reader who wants advice on short term insurance.
He is just starting out on his working career and wants to make sure that he has all his bases covered.
It’s almost impossible to give an in-depth overview of short term
insurance in one column, but I’ll nevertheless dwell on some of the
most important aspects. These facts apply to everyone.
|
|
Read more...
|
|
|
Think before cashing in your pension |
|
On the Money with Pieter Willem Moolman
|
|
John, a 37-year-old production manager who is facing the possibility of
being retrenched, has recently approached me for options relating to
his retirement funds.
He is married with two children and not sure when he will find
alternative employment. He is considering using the proceeds of his
retirement fund to settle his bond.
If we consider that only seven out of every 100 South Africans are able
to retire independently and, further, that one of the main reasons for
insufficient capital at retirement is that funds are not preserved in
the event of a job change, it is crucial that John pays careful
attention to this decision.
|
|
Read more...
|
|
|
