Daily Maverick Articles #financial wellness

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.

When you invest for retirement, the point is, as straightforward as it may sound, to invest for the long haul. However, having too high a drawdown rate could foil those plans and leave you stuck in the mud. Let's discuss how you could circumvent this issue and save your future before it's too late.

The idea of retiring and having all of your affairs in order can be quite daunting, and there's often much anxiety when it comes to decision-making in this regard. However, as the saying goes, there are many ways to skin a cat. Let's discuss some of the options that are available to ensure a prosperous retirement.

We've all heard of "not keeping all of your eggs in one basket", but is there any merit to it? If the single basket falls and the eggs inside break, you'd have no backup. Similarly, from a financial perspective, if your wealth is concentrated in a single investment space, any trouble in the waters could be devastating.

As investors we can easily get drawn towards a product that offers high returns, but then the tax burden hits and almost all of the hard work of the investment is nullified. Let's explore some options that are available in order to limit the effect of taxation within certain investments.

Often in life we're given a few options in various fields, and one of the main questions we always ask ourselves in convenience over costs, and in the investing world it can pop its head up as well. Let's discuss the pro's and con's related to this process, to give you as an investor some clarity and assurance in this regard.

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.

Offshore investing can seem like such a daunting prospect, and it isn't risk free by any means, but it's actually fairly easy and can improve your financial wellness significantly, Let's discuss offshore investing, and trusting the market and its patterns vs trying to time it and potentially losing out massively.

With the cost of living ever increasing, more people are finding that their monthly drawdowns aren't able to sustain their lives, from lifestyle choices to medical bills. However, with some clever working, you can have a plan set up that allows you to life comfortably while allowing your money to grow at the same time.

For most people, all the terminology surrounding things in the financial space can be quite daunting. Let's take some time and discuss all there is to know about managing drawdown, and the pro's and con's of living and life annuities.

Interest rates have almost halved, leaving those living on fixed deposit income with a serious cashflow problem. I show how this can be improved

Ownng a property offshore can cause problems for your heirs