Name withheld Jaanre Muller – Wealth Manager, PSG Wealth, Hermanus replies: The first step is to determine what you’re saving for. Having a clear goal allows you to map out your financial plan, which involves some key considerations such as how much to save to reach that specific goal.
Your plan should also consider the relevance of the various financial products that apply to you, such as retirement annuities, discretionary investment plans or endowments. Each of these products has a specific set of characteristics and a good understanding of it can help you to maximise its benefits. I would advise speaking to a financial
