Investors remain unsure on how much the Federal Reserve will raise interest rate
The fun and games in this innovative and rapidly changing sector will be well worth watching
Upgrade of outdated tobacco law on the way at last
The premier announced her cabinet after a meeting with the ANC’s deployment committee and its alliance partners
Business Day TV speaks to African Rail Industry Association CEO Mesela Nhlapo
Credit bureau sees more defaults ahead as central bank increases interest rates
The improved sentiment is a result of increased merchandise export and import volumes and more new vehicles sold, Sacci report says
The monetary policy committee increases the key policy rate to 6% from 5%
Top swimmers have a rivalry that could develop into one of SA sport’s greatestt
Former world boxing champion furious over unauthorised production
Q: I am 54, have R1-million in a retirement annuity (RA), am still working and earn enough (R40,000 per month) to cover our monthly household expenses. The family home and our cars are paid off. My only debt is a credit card of R30,000. How far off am I financially to retire comfortably? The returns on the RA is 8%, it was a lump sum I invested, so not making any monthly contributions. I reckon I’ll need R20,000 a month to live comfortably. Your advice is really appreciated! Jenni C via WhatsApp
A: Janet Hugo, independent financial planner with Sterling Wealth replies:..
A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email firstname.lastname@example.org or call 0860 52 52 00. Got a subscription voucher? Redeem it now
Would you like to comment on this article? Register (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.