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
Need a loan? How to improve your credit score (before you apply)

Need a loan? How to improve your credit score (before you apply)

Get a free credit report, then follow these five tips and see by how much you can improve your credit record.

5 rubbish beliefs about investing that are keeping you from getting rich

5 rubbish beliefs about investing that are keeping you from getting rich

Financial advisor Warren Ingram rubbishes some popular, yet blatantly untrue ideas that are keeping people from growing wealthy.

How to make your first R1 million (after that it just becomes so much easier)

How to make your first R1 million (after that it just becomes so much easier)

Rich. Wealthy. Financially free... Call it what you will; the first million is how you get there. Warren Ingram on his book...

Living together, but not married? Tips on arranging your finances…

Living together, but not married? Tips on arranging your finances…

Personal financial advisor Warren Ingram has advice on keeping the money side of the relationship healthy when shacking up.

Drowning in debt? You may be able to refinance (but there are pros and cons)

Drowning in debt? You may be able to refinance (but there are pros and cons)

Galileo Capital Financial Advisor Warren Ingram on "good debt", "bad debt", "neutral debt" and consolidation your debts into one.

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

2 best companies on the JSE to invest in now (by Nefg Fund Managers)

Not sure which shares to buy? Bruce Whitfield interviews Gerbrand Smit, Chief Investment Officer at Nefg Fund Managers.

Popular articles
Most common sex-related injuries and how to avoid them!

Most common sex-related injuries and how to avoid them!

Experts say vaginal tears, broken penises and the loss of foreign objects in the body are often seen in the ER

Radio powerhouse joins 702

Radio powerhouse joins 702

Richard Nwamba will host a new African music show between 16h00 and 18h00 every Saturday.

Celebrity chef Siba Mtongana gets vulnerable, opens up about money

Celebrity chef Siba Mtongana gets vulnerable, opens up about money

The Money Show’s Bruce Whitfield interviews Mtongana about her attitude to money (hopes and fears, successes and failures, etc.).

[LISTEN] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

Is the lovable Winnie The Pooh a boy or girl?

Is the lovable Winnie The Pooh a boy or girl?

A trending Twitter debate has left social media users arguing over whether Winnie the Pooh is a girl or boy.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?