Financial Independence - Start saving early (FPI)

It is hard to achieve all your financial goals if you do all of the work yourself. Get your money to do some of the work for you.

Extract from fpi.co.za

Tips to Choosing a financial planner - FPI RSA

Tips for choosing a financial

planner

1. Be prepared.

2. Think about your financial and personal goals.

3. Ask for referrals.

4. Verify the financial planner’s credentials.

5. Interview more than one 

6. Understand fee structures.

7. Look for competence and ethics.

8. Get it in writing.

9. Re-assess the relationship regularly.

10. It’s all about trust.

Ways to Invest in your future...

Extract fromfpi.co.za

How the numbers work - only four numbers in the retirement calculation / formula

Many feel daunted and unsure how the numbers all stack up. This clip aims to provide a quick snapshot of how the variables (of which their are only four) work in relation to each other.

2:16minute You-Tube video

Extract above from fpi.co.za

Retirement Planning Calculator - Financial Planning Institute (FPI) RSA / fin24

The retirement planning calculator - Financial Planning Institute (FPI) RSA / fin24 will assist you to calculate what your total funds will be at retirement after capturing all relevant information.

The calculator's assumptions used are as follows:

• 7% Increase in contributions

• 12% Investment return

• 7% Increase in post-retirement income return

• 7% Inflation

• No capital left after 25 years.

Extract from fpi.co.zi

CNN Money: Tips for planning your retirement

Here are the top 10 things you need to know as you plan for retirement.

1. Save as much as you can as early as you can.

2. Set realistic goals.

3. A 401(k) is one of the easiest and best ways to save for retirement.

4. An IRA also can give your savings a tax-advantaged boost.

5. Focus on your asset allocation more than on individual picks.

6. Stocks are best for long-term growth.

7. Don't move too heavily into bonds, even in retirement.

8. Making tax-efficient withdrawals can stretch the life of your nest egg.

9. Working part-time in retirement can help in more ways than one.

10. There are other creative ways to get more mileage out of retirement assets

Extract from money.cnn.com