TOTT 14 February 2019
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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 />
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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