Timothy Sumer

Following the comments made by Minister Tito Mboweni with regards to accessing a portion of their retirement funds, we look at the personal finance aspect by asking: Is it a good idea to withdraw money from your pension when you're still working. What are the risks of doing this? How can/ should the money be managed should it be accessed? Should people be stopped from accessing their pension - is it just a bad idea? Eunice Sibiya - Independent Financial Educator and Coach. For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News on Social Media.... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Saving for retirement is one of the most important financial decisions you’ll make in your life. One of the benefits of saving for retirement, whether through a pension fund, a 401(k) plan, or an individ...

Finance Minister Tito Mboweni has announced during his budget speech that the long-awaited Retirement Fund Reform will come into effect on the 1st of March 2021. That means all types of retirement savings such as a pension, provident, and retirement annuity will be harmonised and operate the same. The new rules will allow members to receive the same tax treatment on money contributed. Naturally, there has been mixed reactions to the speech. But to get the views from the Small Community, I am joined by the CEO of YDIDI, Neo Kuaho. For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News on Social Media.... ( read more ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Pension Fund Reform Comes Into Effect on March 1 On March 1, 2021, pension fund reform will come into effect in Neo Kuaho. This reform is aimed at p...

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 ) LEARN MORE ABOUT: Retirement Annuities REVEALED: How To Invest During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing 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 ...