Daily Maverick Articles #family planning

We all want to live our lives as comfortably as possible, but often don't think about what happens to our loved ones should we pass away, or don't take the necessary measures soon enough. Let's take some time and discuss the importance of this planning, and ensure a bright future for your loved ones after you're gone.

We often hear the term "make your money work for you", but very few people actually understand what it entails, and how to go about achieving it. Let's take some time and shed some light on this concept, using retirement monies as an example.

As we've spoken about before, death is never an easy topic to talk about, but every now and then, life forces you to face the music. It is, however, important to arm yourself with the relevant knowledge. Let's take some time to understand death benefit payouts and their relevant tax implications.

Bank interest rates have been very good this year and many received a nasty surprise when they realized how much tax is payable. By restructuring the investment so that you pay CGT rather than income tax, you can reduce your tax bill significantly.

A question we often ask ourselves is "Do I have enough, or at least the correct, medical cover?" Way too often people overpay for some new and fancy policy, but the difference between what they pay versus what they get out of it is mind-blowing. Let's take some time and discuss the basics of medical aid and how to choose the cover that is best suited for your needs.

A massive concern that many young parents face is the scenario in which both they and their partners die together or shortly after each other, and that their young child will be left uncared for. Let's take some time and discuss solutions to circumvent this problem, which is not as big an eyesore as it may seem to be.

Bringing new life into the world is one of the greatest achievements and responsibilities anyone can undertake. Having the correct structures in place ahead of time to welcome a baby into the world is a vital part of family planning, so let's take some time and discuss this in depth.

When becoming a parent, your financial reach immediately broadens as you have an extra dependent. Often people decide to start saving for their children's education as soon as possible, but naturally, this isn't without its own unique challenges. Let's discuss the pro's and con's of making this decision using the "Head vs Heart" approach.