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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:..

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