We all have three basic problems!

ALL SUCCESSFUL PEOPLE WORK TO A PLAN

We all have three basic problems to cope with, these are:


1. We may DIE too soon,
2. We may become DISABLED or SICK,
3. We may LIVE too long. If you don’t die, you WILL reach retirement.


WHEN YOU DIE


Your family will need an income – protected against inflation. 
The family will be liable for the bond on your house.
Debts / Liabilities must be settled.
Estate duty must be paid.
Outstanding taxes must be paid.


WHEN YOU BECOME DISABLED


You will need a source of income to replace lost income.


WHEN YOU REACH RETIREMENT


Official statistics on South Africans reaching 65 shows:


39%………………………………have to continue working.
35%………………………………exist on state pension.
17%………………………………depend on families.
8%………………………………..helped by Social Welfare.
1%  (ONE %)………..….…FINANCIALLY INDEPENDENT.


A 65-year-old man has a life expectancy of 14 years. Whilst working we get salary increases, after retirement- none!  (Think - no increases for 14 years)

FINANCIALLY INDEPENDENT PEOPLE CREATE CAPITAL, but take into account;
1. Flexibility to INCREASE and DECREASE contributions.
2. Mobility and accessibility of your fund must be considered.
3. Allowance for gradual retirement to avoid excessive TAXATION.
4. Inflation after retirement.


In your planning always remember.,

AN EARLY START  =    A LOW MONTHLY INVESTMENT

A LATE START      =    A CRIPPLING PREMIUM.

"Quality is never accidental: it is always the result of high intention, 
conscious effort, intelligent direction & skilful execution.
It represents a wise choice of many alternatives."