14.02.2019 Views

TOTT 14 February 2019

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

8 Talk of the Town ADVERTISING / NEWSDESK: (046) 624 4356 Find us on Facebook<br />

<strong>February</strong> <strong>14</strong>, <strong>2019</strong><br />

Port Alfred<br />

BUSINESSFORUM<br />

Financial fears<br />

at retirement<br />

Catch up with what’s happening on the PA business front<br />

READY TO ROLL<br />

It is common knowledge that<br />

only 6% of South Africans will be<br />

able to retire comfortably.<br />

No, that does not mean in<br />

luxury, it only means<br />

comfor tably.<br />

It is, therefore, highly likely<br />

that you may be one of the<br />

remaining 94% of South Africans<br />

facing a rather bleak retirement due<br />

to severe financial shortages.<br />

When retirement planning<br />

becomes a topic of serious<br />

discussion, various excuses are<br />

heard, for instance “I am still young,<br />

will worry about that later”, or “I am<br />

already battling to make ends meet<br />

on my salary, where must I find<br />

extra money to save for retirement?”<br />

My comments on these two lame<br />

excuses are, “The younger you start<br />

saving for retirement, the longer you<br />

will enjoy the wonder of compound<br />

i n t e r e st ” and for excuse number<br />

two, “If you are finding it<br />

hard/impossible to make ends meet<br />

on your current salary of R20,000<br />

per month, how on earth do you<br />

expect to get through on a<br />

government pension of R1,700 per<br />

month?”<br />

Yes, dear reader it will certainly<br />

make life a lot easier if you have<br />

R2m or R3m available at retirement<br />

than to sit with absolutely nothing.<br />

Another statement used as an<br />

excuse is “I belong to my company’s<br />

retirement fund. I am certain that<br />

they will look after me.” Sorry to<br />

once again burst your bubble, but I<br />

can assure you that very few of<br />

those company retirement funds are<br />

even close to sufficient to make<br />

ends meet. It is, therefore, essential<br />

to start as young as possible with a<br />

private retirement savings plan to<br />

enable you to subsidise your<br />

company retirement fund.<br />

It is not necessary to start a<br />

MONEY<br />

M AT T E R S<br />

... with Nico Human<br />

retirement savings plan with<br />

premiums of thousands of rands. It<br />

is normally advisable to start small<br />

and allow an annual small increase<br />

in premiums as and when your<br />

salary increases. You will be<br />

astonished to see the end result due<br />

to the accumulation of compound<br />

interest. Remember you will<br />

probably work for 40 to 45 years to<br />

earn a living. Don’t you think that<br />

you certainly deserve that your hard<br />

earned money should now start<br />

working for you?<br />

I can assure you that a great<br />

number of people who depended on<br />

their company retirement plan to be<br />

sufficient at retirement were rather<br />

badly disappointed when the time of<br />

retirement arrived.<br />

Then, unfortunately, it is too late<br />

for tears. It is certainly much, much<br />

better to enter into a serious<br />

discussion with your financial<br />

advisor regarding your retirement<br />

planning, while your predicament<br />

can still be rectified. Retirement<br />

planning is really a specialised field<br />

and certainly would need some<br />

expert advice.<br />

For experienced retirement and<br />

any other financial advice that will<br />

certainly make a big difference to<br />

your and your family’s peace of<br />

mind, please feel free to telephone<br />

my office on (087) 805-7712 for a<br />

confidential appointment that is<br />

certain to change your life.<br />

Our office is situated at 20<br />

Southwell Road (corner of Becker<br />

Street) Port Alfred. We offer free off<br />

street parking as well as a ramp for<br />

easy wheelchair access.<br />

SERVICE EXCELLENCE: Clint Roesstorff, left, sales executive at Ford dealership, Eastern Cape Motors, handed over the keys<br />

of a brand new Ford EcoSport on Tuesday morning to customers Allister and Sara Gradwell. Sara said that, due to his<br />

excellent service she would always follow Roesstorff wherever he was employed<br />

Picture: ROB KNOWLES<br />

Sometimes I say<br />

‘Thank you Eskom’<br />

I do get irritated by<br />

having to change my<br />

schedule to fit in with<br />

when Eskom decide to<br />

supply electricity – a<br />

service I have grown<br />

accustomed to having<br />

whenever I needed it.<br />

My business is<br />

interrupted because I<br />

can’t talk to anyone nor<br />

send them contracts; at<br />

home I must change<br />

when or how I prepare<br />

meals or my sleeping<br />

pattern because the<br />

lights are out, I can’t<br />

play music or watch the<br />

“telly”, and then waking<br />

in the middle of the<br />

night to find I didn’t<br />

switch all the lights off<br />

before I went to bed!<br />

So you might be<br />

thinking so why would<br />

there be a need to<br />

“thank” Eskom. Well I<br />

found that I had got into<br />

a rut or into a routine<br />

MYHOME<br />

... with Simon Oliver<br />

that wasn’t particularly<br />

productive which<br />

usually involved eating<br />

and drinking, watching<br />

(or sleeping in front of)<br />

the TV and going to<br />

bed. Since this routine<br />

has been interrupted by<br />

E s ko m ’s shenanigans I<br />

have found:<br />

ý I spend more time<br />

in conversation, and<br />

with people I have not<br />

been spending enough<br />

time. As a result<br />

relationships have<br />

improved.<br />

ý I have looked for<br />

things to do around the<br />

house before the lights<br />

go off.<br />

ý I do more planning<br />

to fit into Eskom’s<br />

erratic service and find I<br />

get much more done<br />

ý Meals while at the<br />

moment might be a<br />

little earlier (they tell<br />

me this is a good thing<br />

for one’s health and<br />

sleep pattern) can now<br />

be by candle light and<br />

more intimate.<br />

ýI appreciate more<br />

the time I have when<br />

the power is on.<br />

Sometimes we need<br />

something<br />

extraordinary to make<br />

us appreciate what we<br />

have and to break<br />

routines that are not<br />

productive. For that I<br />

say “thank you Eskom”.<br />

I love to hear your<br />

thoughts, please<br />

contact me on<br />

s i m o n . o l i v e r @ s e e f f. c o m or<br />

082-653-5643. I look<br />

forward to hearing from<br />

you.<br />

Kenton on Sea | R6 500 000<br />

Well manicured home with views of the Bushmans river<br />

and ocean<br />

Bedrooms 4 | Bathrooms 3.5 | Garages 2 | Carport<br />

ŽŶĂŝŽīĞĞŶĂŶĐĞŚĂůůůŽŶŐĞĚĚŽďůĞďĞĚŽŽŵ<br />

ĂŶĚĂĨůůďĂŚŽŽŵĂŝŝŚĞŽĞŶůĂŶŬŝĐŚĞŶĚŝŶŝŶŐ<br />

ŽŽŵĂŶĚůŽŶŐĞůĞĂĚŝŶŐŽŽŚĞĂŽŝŚĂŵĂŝŶŐŝĞ<br />

ĂŶĚĚŽďůĞďĞĚŽŽŵĞŶŝĞWEB REF 3243030<br />

MIKE BAILEY | 0828998103 | mike.bailey@seeff.com<br />

HAYLEY GADD | 0835655039 | hayley.gadd@seeff.com<br />

ŝĞ ď ĂŽŝŶŵĞŶŽ Ăůů ŽĞŶĂů ŶĞĞĚ ůĞĂĞ ĐĂůů<br />

ŝĐŚĞůůĞ<br />

Kenton on Sea | R4 800 000<br />

Impressive spacious family home in Donkin Drive<br />

with a stunning view<br />

Bedrooms 6 | Bathrooms 4.5 | Garages 2<br />

ĞĞůĞĞůŽīĞůĂŐĞĚŽďůĞďĞĚŽŽŵŝŚŝĞ<br />

ďĂŚŽŽŵŬŝĐŚĞŶΘŽĞŶůĂŶůŝŝŶŐĂĞĂŽĞŶŝŶŐŽŶŽŚĞ<br />

ĂŽŽŶĂŝŚĂŬŝĐŚĞŶĞĞĚŝŶŝŶŐĂĞĂĂŶĚĨĂŵŝůŽŽŵ<br />

ůĞĂĚŝŶŐŽŽŚĞŐĂĚĞŶWEB REF 3254741<br />

MIKE BAILEY | 0828998103 | mike.bailey@seeff.com<br />

HAYLEY GADD | 0835655039 | hayley.gadd@seeff.com<br />

ŝĞ ď ĂŽŝŶŵĞŶŽ Ăůů ŽĞŶĂů ŶĞĞĚ ůĞĂĞ ĐĂůů<br />

ŝĐŚĞůůĞ

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!