The Financial Coach

MANAGING PEOPLE AND THEIR EMOTIONS AROUND MONEY

2010 – what lies ahead?

2010, it’s finally here… In just over 1 months time it is the end of the 2010 tax year and there are 2 important deadlines that go with this. They are: Retirement annuities: RA contributions need to be made before the end of Feb. This year the 28th is on a Sunday so all contributions …

Inappropriate advice?

I recently attended a Financial Services Board workshop on the FAIS Act (Financial Advisory and Intermediary Services). FAIS is big on putting consumer interests first and on making sure that consumers get appropriate advice. Despite the legislation there are still many instances of investors getting bad advice and being ripped off – this is partly …

Retirement – life event, not just a financial event!

Results from the American Demographics poll showed that retirement is more difficult than becoming a parent or than getting married*. Those that felt retirement was the most difficult adjustment said that they struggle with the monotony, boredom, lack of purpose and lack of intellectual stimulation that traditional retirement offers. So if this is the case, …

It's not all in the name

Just read an article online about how in these tough times one of the positive outcomes is that people seem to be investing more into their retirement funds. The bad news, though, is that it is still usually too little to enable most people to retire financially secure. Of bigger concern for me, however, is …