News & Opinions
Stepping into retirement is a bigger lifestyle transition than most people realise. To help you prepare, American author Mitch Anthony says you should ask yourself three key questions.
Last month, we considered your mental preparedness under the title: Have you had Enough? Now, in the second article in our Retirement Readiness series, we delve into the question: Do you have Enough?
To assist our long-standing clients and their families who are planning a move or are currently residing in the UK, Veritas has partnered with a UK financial planning firm that shares our lifestyle planning philosophy.
Veritas will continue to operate from its office in Cape Town and will offer this service to clients who emigrate, as an extension of our broader financial planning services.
Retirement is something many people look forward to with anticipation and excitement. But before closing the door on your career, it may be a good idea to consider 3 questions in order to make the most of your golden years :
• Have You Had Enough?
• Do You Have Enough?
• Do You Have Enough To Do?
In the first of three articles on preparing for retirement, we consider your mental preparedness?
Do you have your sights set on a job overseas or are you mulling over the idea of spending half of the year offshore now that you are retired? Do not make the mistake that many South Africans make, thinking that once you pay tax in a foreign country, you are no longer tied to SARS.
SA investors have been in a panic about the falling rand and wondering whether they should send everything offshore before it gets any worse. But, as we often tell our clients, if there is one thing that can make you look foolish, it is our currency.
With the rand so volatile, now is the time to keep a cool head and adopt a strategic approach to taking money offshore.
Risk profiling questionnaires are a commonly used tool to set the benchmark for how risk averse you are as a person. You may well have been asked to fill one in yourself when you have consulted with a financial adviser in the past. However, you may be putting your financial health at risk when your investments are chosen based on these questionnaires.
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