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Retirement Investment Options South Africa HoflandLet’s start by taking a look at the retirement plan offered by your company. Once upon a time, these plans were quite sound. However, after the Enron upset and all that followed, people aren’t as secure in their company retirement plans anymore. If you choose not to invest in your company’s retirement plan, you do have other options. First, you can invest in stocks, bonds, mutual funds, certificates of deposit, and money market accounts. You do not have to state to anybody that the returns on these investments are to be used for retirement. Just simply let your money grow overtime, and when certain investments reach their maturity, reinvest them and continue to let your money grow.

You can also open an Individual Retirement Account (IRA). IRA’s are quite popular because the money is not taxed until you withdraw the funds. You may also be able to deduct your IRA contributions from the taxes that you owe. An IRA can be opened at most banks. A ROTH IRA is a newer type of retirement account. With a Roth, you pay taxes on the money that you are investing in your account, but when you cash out, no federal taxes are owed. Roth IRA’s can also be opened at a financial institution.

Another popular type of retirement account is the 401(k). 401(k’s) are typically offered through employers, but you may be able to open a 401(k) on your own. You should speak with an investment advisor to help you with this. The Keogh plan is another type of IRA that is suitable for self employed people. Self-employed small business owners may also be interested in Simplified Employee Pension Plans (SEP). This is another type of Keogh plan that people typically find easier to administer than a regular Keogh plan.
Whichever retirement investment option you choose, just make sure you choose one! Again, do not depend on social security, company retirement plans , or even an inheritance that may or may not come through! Take care of your financial future by investing in it today.

Hofland offers Retirement Investment Options South Africa based who are proud providers of cost effective Retirement Investment Options and we are experts in how to utilize your hard earned income by minimizing your tax liabilities to ensure more funds are saved for Retirement. Contact us directly on 082 570 3629 or visit our website at http://www.Hofland.co.za for more information on our Retirement Investment Options South Africa based.

Hofland Investment Consultants

The main reason for creating Hofland Independent Consultants was to enable us to provide our clients with unbiased, truly independent and transparent retirement investment solutions. Read More

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