Sterling Wealth

There are a number of products that are available, namely tax-free savings accounts, retirement annuities and local and global wrappers. Again, as alluded to above, it is not a one size fits all and good financial advisor will help you choose your best options. For more information kindly contact Joanne Baynham at Joanne@sterlingwealth.co.za Promote your unique … Read more

Trusts have their pros and cons, the biggest pro is the saving on estate duties, a trust never dies, even when the individual does. The cons are they are very expensive to set up and should be done, pre the growth in assets. Offshore trusts are a good idea, if one has assets offshore and … Read more

In order to be able to retire, your capital needs to grow in real term (inflation adjusted returns), hence why can’t sit in cash, as over the long run, cash does not provide inflation adjusted returns. Risk assets such as equities and bonds do give you inflation adjusted returns over the long run but are … Read more

This is a very complicated answer and one that you would need to get financial advice and tax advice on. There is no one answers to fit all scenarios. However, what is true, is if you do plan to emigrate than retirement annuities are not a good savings plan and the money is locked up … Read more

As a rule of thumb, we would say 25 times your final salary, working on draw down rate of 4% in real terms. This also assumes, your capital won’t be depleted, and you can leave a legacy to your kids. As a minimum, you should have 10 times your final salary. The reality is, most … Read more