MyMoney Online

Women – be aware of the 4 D’s in your financial planning

Speaking to Sam and Africa on Weekend Brerafkast, Financial Fitness Coach Paul Roelofse shared 4 important financial aspects that women should be aware of when constructing a financial plan...

If the worst happened to Mom then how does this affect the family? Who looks after the children and the home.The cost of finding a child minder and keeper of the home needs to be factored into a life assurance policy. If mom is earns an income this too needs to be replaced.

Disability

The same applies should Mom become disabled. The provisions also need to include Mom and the cost of her disability as well.

Dependency

Build your own portfolio alongside your spouse to create financial interdependence and tax efficiencies. Instead of relying on your husband to provide in the event of death retire ment or disability you should balance the family portfolio between yourselves. This allows for interdependence as should a death, disability or even a divorce occur, the spouses will each have their own provisions in place to maintain thier lifestyles.

Divorce

In the case of a divorce, make sure that there is a policy in place covering the maintenance in the event of death and disability of the ex. Also ensure the policy is owned by you so that you are notified by the assurance company of any default on the payments. You should also ensure that you are the nominated beneficiary so that the proceeds of the policy are paid directly to you outside the estate.

Read more from Paul Roelofse at www.investforlife.co.za


Recommended

by NEWSROOM AI
Read More
How to make best use of your year-end bonus

How to make best use of your year-end bonus

The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.

How to help your children get rich (long before they start working)

How to help your children get rich (long before they start working)

Time. It’s the most important factor, says Sam Beckbessinger, author of “Manage Your Money like a F*cking Grownup”.

3 best shares (local and offshore) to buy before the year ends (by I-Capital)

3 best shares (local and offshore) to buy before the year ends (by I-Capital)

Lance Williams of I-Capital shares his stock picks of the week. These are the best shares to invest in, right now.

10 most-read 'personal finance' articles of 2018

10 most-read 'personal finance' articles of 2018

Making ends meet, investments, property, debt, financial freedom… these were the very best "your money" articles of the year.

How to choose the best financial products (e.g. investments, insurance, etc.)

How to choose the best financial products (e.g. investments, insurance, etc.)

The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor at Galileo Capital.

3 hottest shares on the JSE right now as 2018 enters its final stretch

3 hottest shares on the JSE right now as 2018 enters its final stretch

The Money Show’s Bruce Whitfield asks Rowan Williams of Nitrogen Fund Managers to share his stock picks of the week.

Popular articles
[LISTEN] Court to rule if state should continue paying Zuma’s legal fees

[LISTEN] Court to rule if state should continue paying Zuma’s legal fees

Former president Jacob Zuma will hear on Thursday whether he will have to foot the bill for his corruption case.

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

How RMB went from 'too poor to buy a photocopier' to the largest bank in SA

Bruce Whitfield sat down with GT Ferreira, Laurie Dippenaar and Paul Harris, the inspirational founders of Rand Merchant Bank.

Pop-up bar creates awareness around drunk driving

Pop-up bar creates awareness around drunk driving

Aware.org took on a bold campaign that has made South Africans pay attention.

Popular shoe brand Vans ask Ackermans to remove "knock-offs" from shelves

Popular shoe brand Vans ask Ackermans to remove "knock-offs" from shelves

Vans' brand manager says although this is a recurring problem its main concern is that this particular "fake" is a very close copy.

 'Having a senior official call Lindiwe Sisulu a prostitute is undiplomatic'

'Having a senior official call Lindiwe Sisulu a prostitute is undiplomatic'

Mail & Guardian Africa editor Simon Allison says its undiplomatic for a Rwandan official to call Sisulu names.

[Watch the latest adverts] Do you agree? Chicken Licken is the boss of Nando’s!

[Watch the latest adverts] Do you agree? Chicken Licken is the boss of Nando’s!

Chicken Licken’s latest ad flame-grills the most recent one by Nando’s, says Nicholas Kühne of Wunderbrand.

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

'Evidence is solid. Poor people’s money was used illegally. Shivambu benefitted'

Ray White interviews Pauli van Wyk, an investigative journalist with Scorpio at Daily Maverick.