Certainly. Exchange-Traded Funds (ETFs) are popular for long-term investments due to their diversified nature. ETFs offer exposure to a wide range of assets, such as stocks, bonds, or commodities, which can help reduce risk. Some top choices for long-term investing include broad market index ETFs, sector-specific ETFs, and bond ETFs, as they provide potential for growth and income over an extended period while minimizing the risk associated with individual stocks.

@Glen.Murphy8

3 ай бұрын

I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 4years+ and I've netted over 2.8million.

@JanMuench467

3 ай бұрын

Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.

@Glen.Murphy8

3 ай бұрын

Leicia Zavala Perkins is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

@KianShah146

3 ай бұрын

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Leticia up and send her a message. You've truly motivated me. God's blessings on you.

Since this is affecting workers I believe that we should have a referendum to accommodate the worker's view.

I heard nothing 😭😭I need this explained to me like I'm 5 years old..

Great show Nicolette, I am learning a lot from you. Your knowledge is out of this world. You blow fish out of water. Keep it up lady.

This was an amazing show, I would wish for the next show to talk more about marriage, finances, and debts.

@FinancialBunny

3 ай бұрын

Let me see if I can get Bellz

Great video. So informative. Thanks Financial Bunny and Jimmy.

Why are we being controlled over our monies that we worked hard for I want to withdraw r100k mos we are in so much debts😢😢😢😢

Amazing video, dankie kakhulu, very informative. I think we need to start thinking about the next steps now.

That was insightful. Thank you Jimmy! 🫡

A guest I'm actually familiar with thanks to SAFM 🎉 Jimmy is a gem 💎

Thank you for this c'thandwa sam ❤

Thanks Nicolette for yet another educational segment❤

This was very helpful. Thank you

Tnx Nicolette for the important advice/information.

You're appreciated Nicolette.

Kushawa edonsayo, this is very informative. SARS is going to make a lot of money

@TalkingMoneyWithNozi

3 ай бұрын

Absolutely. Government is going to milk those withdrawals

@FinancialBunny

3 ай бұрын

Thats why they arent discouraging them

@nomalungelongcete5875

3 ай бұрын

​@@TalkingMoneyWithNozi Ewe

@diphalepashe5361

2 ай бұрын

True Sars is a lion it roars for every sent we gain

Thank you for clarifying so many questions out there. 😊

Many thanks Nicolette ,very informative 👍

@FinancialBunny

3 ай бұрын

You’re welcome 😊

Excellent , thank you

@FinancialBunny

3 ай бұрын

You are welcome!

Even if the system is good in general, but stakeholders that will benefit in this set up is business financial institutions and government and keep on suppressing the workers.

The curveball is in losing a job before 55, struggle to find another one & can't get all your money

@nomalungelongcete5875

3 ай бұрын

Yhooo 😮

Very Informative

@FinancialBunny

3 ай бұрын

Glad you think so!

Most will be looking to find new jobs before September. satafrika can't be trusted with our monies😂. This government is making us suffer. 😅...we are suffering today, not at 55 Suka😅😂😂😂. Most won't see 55 with all the stress of loadshedding, unemployment, black tax, inflation, corruption and crime.

Thank you for clarity on this 2pot system.. rsa is risking with people's cash 😢

@nomalungelongcete5875

3 ай бұрын

Of course

Great show but can you please put time stamps next time.

Lol im going to pretend that money doesnt exist 😂😂 . I pray I never have a need for it. Because no way SARs is chowing that money so early

@nomalungelongcete5875

3 ай бұрын

That's a good idea

Very informative show, but I'm curious. Does this two pots retirement system applies to Retirement Annuities as well?

Day light robarry, this money was taxed now. I want it. They taxed it again, xaaa sokaman😢😢I can't wait to withdraw muulaaa

@kgaugelomakgatho5688

3 ай бұрын

It wasn't taxed, it's only taxed when you withdraw and when you receive the annuity payments

Does this two pot retirement system apply to a pension preservation fund that one is no longer contributing to after resignation?

The comment she made at 16:46 was felt by every working class citizen! 😩

I should resign before vbs ports beginn.

If i retired in 2016 do this rules apply to me or can i get all my provident fund as the rules set down by NUMSA and SIEFDS when the provident fund were introduce

My understanding of the vested pot is that one can withdraw from it when they change jobs. What cannot be withdrawn is the 66%.

@nkulihadebe_wieners

3 ай бұрын

I’m of the same view about the vested pot, that’s it will not be affected by the new system.

Very informative sessions, more of this please kgaetsedi

I keep hearing that money will be taxed but no one is saying how much the percentage is....

Imagine being retrenched and having people tell you, you cannot access your pension

@Falcon2024-u2i

2 ай бұрын

This is absurd, how can one survive while waiting to get another job if you are still within the employable age. Will UIF sustain me until I'm 55😢

Interesting. I would like to hear your views about finance and marriage one day when you guys are both married. Thanks for the discussion

@FinancialBunny

3 ай бұрын

Thanks for the idea! Let me see if in the meantime i can get someone who can discuss finances and marriage with me

@sizwetraveladventures

3 ай бұрын

@@FinancialBunny Thanks

Im goin be 55 in oct im taking all my money out. I dont want no pot. God will provide.😊

@SiyaJola

2 ай бұрын

😂😂 lucky you.

@matriciamoses

10 күн бұрын

Remember it's only 5 years money 🤔 i think the catch is after the 5 years you eating the Government 🤝🤞

Nee jiirrrrre we in a quagmire here ! 😮

I took R300000 in 2016 when i retired can i still get the other R300000 tax free from my annuity fund know to make it 1/3 of my lump sum

If you have about R40000 and you get affected by retrenchment, how much will you be able to get from that R40000?

Im 44 years old with 19 years of service,but hey I'm not tempted at all,I feel like this could be just a way out government wants to chow our money,should you take that 30 K,taxed and you take home 22Ks,then come retirement time,and you look at that pocket it will look like you took 300ks.this will benefit amaqabane ka Thambo.

@TheycallmeBanie

3 ай бұрын

Nna I'm going to withdraw cause I'm not sho if I'll be alive at the age of 60. Just look at how beneficiaries chow our money when we are dead they even call it their money n Wena ur dead

What if i retire and want all my money because im relocating to another country?

Great show. Are the withdrawals taxed using the SARS tables?

@diphalepashe5361

2 ай бұрын

Yes each withdrawals Sars is there hungry

How much will the tax be? Are we taxing according to the individual package? For example 31% on the R30k? Or standard tax amount?

@FinancialBunny

3 ай бұрын

If I recall it is according to your tax rate. Yes, you're correct. Under the Two-Pot Retirement system in South Africa, when you choose to withdraw from your retirement savings, it is subject to tax according to your individual tax rate. However, remember that the portion withdrawn before retirement may be counted as part of your taxable income for the year it's withdrawn, which could possibly put you into a higher tax bracket. Retiring should ideally be a time of relaxation and reward for years of hard work. So, planning wisely around tax matters can help ensure you make the most of your retirement funds. 💰👌 Remember, details regarding taxation can varied and sometimes complex, hence, you may want to consult with a financial advisor or tax specialist for personalized advice. Keep asking great questions!

Is it allowed to just withdraw just once and never again?

Hi Nicollette, can I just leave everything as it is. Just continue to contribute monthly without doing anything to my retirement fund?

@FinancialBunny

3 ай бұрын

Yes Ma’am

So when I retire, will I withdraw all my funds

I will be 60 iin October 2024. I have more than 10 years service. If i retire will i get all my money as a lumpsum?

What happens if I'm resign by November 2024. Will government keep n third of my quarter of my pension?

Does this mean I can take my savings pot at 55 and still work in other word taking the 550000 tax free and still continuing with what's left of my pension working up to 60 years

@luckyndlovu2926

3 ай бұрын

Yes

This two-pot systems meaning that when you reach 60-65 you no longer allowed to get SASSA grant for old age?

@luckyndlovu2926

3 ай бұрын

Even the current one ( one pot system) doesn't allow you to get SASSA when you retire.

What I’m getting from this is that it’s not worth making a withdrawal

@FinancialBunny

3 ай бұрын

Not unless you need it

@KofuJuiceBar

3 ай бұрын

Yes, 100% correct! SARS stands to benefit from this in my opinion.

@nomalungelongcete5875

3 ай бұрын

Yhooo I fear uSARS

So the vested and retirement pots cant b touched...till 55+yrs.only savings can be accessed per year with tax

@isaacmorake3602

21 күн бұрын

VESTED CAN BE TOUCHED AS WELL

Accessing of the funds on the saving pot, is it annually? Ones a year every year? If I withdraw R30 000 this year, will I be able to withdraw the same amount on the following year?

@frederickhefer3442

3 ай бұрын

as long as its not more than 10% of your savings pot.

@siyathembasiazmatshaya7074

3 ай бұрын

You will get 30k taxed maybe going home with 25K,then every year you can only apply for R2000.

@malebtop9720

3 ай бұрын

Aaaai daylight robbery

Daylight robbery people must decide what fits them best if they choose to withdraw their money not dictatored to by our government

22:20- 23:00 does the frozen amount (kept till one is 55) does it accumulate interest? Thank you for such an informative discussion

@frederickhefer3442

3 ай бұрын

yes

@luckyndlovu2926

3 ай бұрын

It's frozen in the sense that you're not allowed to touch it unless you want that R550 000 withdrawal which is tax free.

Wanna know what will happen if I resign

@nomalungelongcete5875

3 ай бұрын

I am also interested as I don't think is a good idea to resign

I'm 62. Can I make a withdrawal , I'll be retiring at 65

Is this system meant to help us or just another money making skeem sars cooked

@siyathembasiazmatshaya7074

3 ай бұрын

Is not meant to help us,if it was the case,we were supposed to get a certain amount from the money you already accumulated,like if you have 600k,maybe get your 150Ks,not this nonsense of everybody will get 30Ks,it's just ANC shenanigans to eat out money and they tried before to borrow from our GEPF and failed,saying they want to help Eskom

@nomalungelongcete5875

3 ай бұрын

​@@siyathembasiazmatshaya7074not to help at all instead SARS will benefit a lot

SARS cant wait for September 1st-

@FinancialBunny

18 күн бұрын

Dude, but there will be delays

Does my vested pot keep growing since nothing is going in there anymore?

@isaacmorake3602

21 күн бұрын

SOME LITTLE PERCENTAGE

@bonga4929

2 күн бұрын

It should be growing since its invested somewhere with the required rate of returns

What happens if i resign before the age 55 and decide that i dont want to work anymore, will i receive all my funds?

@frederickhefer3442

3 ай бұрын

No. You will only receive your vested pot after 55 when you buy annuity.

@fhatuwanimasindi

3 ай бұрын

From what I have read on GEPF document vested port will continue to be governed by old rules, meaning when you resign you will get it together with savings port.

@malebtop9720

3 ай бұрын

I wanna retire this year when I turn 55 will I get all my provident fund at once?

What does "to purchase an annuity" mean ? 😂

@reinethmonareng2981

3 ай бұрын

It means purchasing a product that pays you a monthly income

@bonga4929

2 күн бұрын

And every receipt you get is subject to tax at your ruling tax bracket by definition of income i e its revenue in nature ​@@reinethmonareng2981

if you take 30k by sept you get tax almost 10k thats how they get you so you end up with 20k to pay your debt

So Nicollette, its not us withdrawing R30000, the R30000 its just a booster you may only withdraw 10%? Yoh!😮

@FinancialBunny

3 ай бұрын

The R30K is the limit that will be used to “boost” the savings component. So it’s 10% of your existing fund capped at R30K. You can withdraw the whole R30K but remember you won’t get all of it because of Tax

@mrsspringbok

3 ай бұрын

@@mbuyixeketwane5481this is just another way of the government to benefit from tax payers. The unfortunate part is many people will be opting for the -R30k which will be taxed because people are highly indebted 😢

This guy sounds like Trevor Noah..😅

@reinethmonareng2981

3 ай бұрын

Very true hey😂

@FinancialBunny

3 ай бұрын

Kinda looks like him too hahahah

@matriciamoses

9 күн бұрын

Was thinking the same 👌🤝

English is not my mother tongue,they need to explain this in our language.

This disaster will prove to be the downfall of millions of South Africans.... People are going to withdraw half of their pension savings to buy BMWs, which they won't be able to afford to insure, maintain and service.... They will retire with very little and be dependent on a bankrupt state....

@sibongilesibisi9440

3 ай бұрын

You can only access on savings pot, you won't be able to touch pension pot.😊

@siyathembasiazmatshaya7074

3 ай бұрын

They won't,they only allowed to withdraw R30 000, after tax it's R24 000.maybe you can buy a Tazz or RunX

@Macedonia270

3 ай бұрын

@@siyathembasiazmatshaya7074 I see...

@nomalungelongcete5875

3 ай бұрын

So true

How can I contact Jimmy Moyaha? Yes, I tried Linked-in, just a Follow on his profile and no MESSAGE option.

I stopped listening when they mentioned Millions. 🥲