Many folks struggling to cover basic expenses often face this challenge because they didn't save enough during their working years. The choices made in preparing for retirement have significant impacts, as seen in my own family. Different investment strategies led to different outcomes. With guidance from a financial advisor, I'm now enjoying my retirement.

@james.atkins88

8 ай бұрын

Yes, I'm in my mid-50s, and a few years back, I moved my investments to my wife's wealth manager. While I haven't caught up to her long-term gains, my current earnings and the growth of my retirement fund, compared to just relying on the 401(k), are pretty satisfying.

@hunter-bourke21

8 ай бұрын

It's a shame that many don't have this information, leading to anxiety. For me, I've made over $35k effortlessly with an advisor, consistently getting returns despite economic changes - the best part is, it doesn't demand much effort.

@rebecca_burns14

8 ай бұрын

@@hunter-bourke21 Can you direct me on reaching your advisor? I'm looking for a more profitable investment strategy to counter inflation and make the most of my funds.

@hunter-bourke21

8 ай бұрын

Research and choose someone with a plan for consistent portfolio growth; "Camille Alicia Garcia" has done well with my investments, and I believe she has the qualifications and expertise to help you meet your goals.

@rebecca_burns14

8 ай бұрын

I've proactively looked into Camille Alicia Garcia online, checked her credentials, and am impressed with her expertise. I've contacted her to discuss my detailed financial market goals.

Because interest rate hikes we need that whole 3rd and not the 25000 we want to settle our debts

Its best to resign take all your money and manage it yourself don't overspend if you can manage now with a budget then i don't know

25 000 is too little

@hazelndlovu2217

Жыл бұрын

I agree. The point is to assist members to get out of debt and other sticky situations.... 25k just won't do

I m unable to master this information. Im getting confused everytime when listening to this information

With a ceiling limit of 25k would provide the much needed relief. This is merely protecting the vesred interest of the pension funds period. Also we hv to take into account the tax deduction. The ceiling should be 500k which is presently within the zero tax table threshold, hence providing much relief.

We need much more than 25k to settle our depths as we already drowning in depths since the pandemic started the national treasury must reconsider and give us a 30% of the money we accumulated since our engagement date thanx

@rotasrb4598

Жыл бұрын

If I am not mistaken the 25k will go into the savings pot for a person to dip into once a year, the 3rd pot the lady referred to is where a person may take 1/3 of one's pension fund saved up to 1 March 2024, in my understanding the 25k in the savings pot will be there to start off the savings pot and won't be the amount the max amount that a person may take

@dabeezkneez8716

4 ай бұрын

​@@rotasrb4598 Am I correct that whatever is taken from the savings pot will also be taxed? Any idea at what rate?

@rotasrb4598

4 ай бұрын

Hey Dabeez, I don't know how much the tax will be but I am sure it will be taxed

These money is to little for n person who work 30 years and up

I’m more confused 🤷🏽‍♀️.

The question is what if i resign and i cant find a job anymore..will you keep my money untill im retirement age.

@bongakhumalo3949

9 ай бұрын

Exactly , how do you retire when you already unemployed. This very confusing or maybe they deliberately intended to milk our Savings through Taxing

@dabeezkneez8716

4 ай бұрын

It sounds like that's the whole idea! You will get what's in your vested pot ( ie. What's in your pension Before this 3 pot system started in March 2024) , you can access what's in your savings pot ONCE a year (provided you have not less than R2000 in there) and you'll only access the money in your retirement pot when you reach retirement age (2 thirds or 67% of your monthly pension contributions will be accumulating here from 01/03/2024).

What a waste of time, what must we do with R25000 which is still going to be texted. They might as well cancel this whole joke.

What must we do with 25000????

For Nurses it's better to resign and seek greener pastures in UK,UAE,Germany,US.this 25000 will not make any different

@irenembele9972

8 ай бұрын

Everyone with skills actually and go use it somewhere , where they know what they doing. Or to tax free country

Who sat down and came up with this nonsense

@phumimabanga962

Жыл бұрын

You are asking a very valid question

@Huios1000

Жыл бұрын

ANC of course. They can’t get enough of our money.

@irenembele9972

8 ай бұрын

The thieves of course in order to have access in that cookie jar.

25000 is nothing we need more than that we are having debts that one needs to settle and pay universities so 30%

Considdering citizens near to retirement age. Will they have a choice of changing to 3 pot system. If 3 years away from retirement wont it be betrer to keep 1 pot for optimal growth? After 1 Sept, little contributions will be made to 2 pots which negatively impact growth and make this option worthless. Rather choose 1 Sept as the change date of the pension system. Allow current members the option to choose but new members to participate in new system. Forcing members close to retirement age to change system will affect the growth and outcome negatively.

Clear as mud

Money we work hard for must just go like that is unfair nd cruel because you have work very hard and alone not the people who just sit nd implement it and don't consider other people where about think before making decisions money you work hard for eish lot of people won't event enjoy they money aspecially when u have 30yrs service

25 000 is nothing even if it was R250 000 still little but atleast manageable 😮

What a joke, for the year.Better not implement at all

South Africa economy is dropping so who came up with this plan?agreed with who ? As SA we say NOOOOOO

Angiyifuni , ngifisa sengathi kungathiwa sibe nesivumelwano sokuthi asyifuni singabasebenzi. basemmzansi lento

We are doomed

Hhay bo baqala ngokuyincozula amancozuncozu nje sogcina singasayitholi kwakhona jehova

She explained these 3pots so clearly ❤

R25k is not a limit and later R25k is a limit, what a joke interview

Ms Jele to me it had a bad impact cause I didnt accumulate. much so I 7:16 7:20 am.sure it was going to be better if I invest to my where ever cause seemingy I wont my money whileI am still alive

What a joke 😅😅

25000 after tax 15000