MTBPS 2021 | Portion of pension fund withdrawal given a thumbs up

Finance Minister Enoch Godongwana has proposed the introduction of a two-pot system that would ensure that workers withdraw and preserve their retirement funds at the same time. Financial Advisors have given this a thumbs up and say that this would help encourage the preservation of retirement. But they have urged workers who want to access part of their retirement savings to use the money responsibly and for the right reasons. For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News #Covid-19Vaccination #Vaccine on Social Media....(read more)

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The 2021 Medium Term Budget Policy Statement (MTBPS) was recently tabled in Parliament. The MTBPS is a mid-term fiscal policy statement that outlines the government’s budget plans for the next three years. One of the most noteworthy aspects of the 2021 MTBPS was the announcement that a portion of the pension fund withdrawal could be given a thumbs up. This means that people who have reached retirement age can withdraw up to a third of their pension fund in a lump sum. The idea behind this measure is to give retirees more financial flexibility. This allows them to use the money for whatever purpose they deem fit, such as for medical expenses or to start a business. The government has also stated that the pension fund withdrawal will be tax free. This means that retirees will not be subject to any tax on the money they withdraw. In addition, the government has also proposed a number of other measures to help retirees. These include increasing the tax-free threshold for pensioners and introducing a new tax credit for those who are over the age of 65. Overall, the 2021 MTBPS has been well received by many. The decision to allow a portion of the pension fund withdrawal to be given a thumbs up is seen as a positive step in helping retirees to have more financial flexibility. It is also seen as a way to help those who are struggling financially due to the current economic climate. https://inflationprotection.org/mtbps-2021-portion-of-pension-fund-withdrawal-given-a-thumbs-up/?feed_id=70323&_unique_id=63eaa681cfca2 #Inflation #Retirement #GoldIRA #Wealth #Investing #actuality #coronavirus #Covid19 #COVID19Lockdown #COVID19News #localnews #SABCNews #worldnews #RetirementAnnuity #actuality #coronavirus #Covid19 #COVID19Lockdown #COVID19News #localnews #SABCNews #worldnews

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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