Chris Brits’ Post

Feeling the weight of debt as you approach retirement? You're not alone! Dive into this comprehensive article from InvestBlue, where we explore the common yet often daunting challenge of retiring with debt. Gain valuable insights and practical strategies to navigate this phase with confidence, ensuring your financial well-being in your golden years. 💡 Don't let debt dim your retirement dreams - empower yourself with knowledge and take steps towards a secure and fulfilling future! Read more ⬇️ https://lnkd.in/gybAq7nn #retirementplanning #financialfreedom #DebtFreeJourney #LiveYourBestPossibleLife #itspossible #superannuation #finance #financialadvice #investblue #financialwellness

Consumer Debt Review matters: Questions relating to the new Two-Pot retirement system as of 1 September 2024 Just wondering how the debt review industry is going to respond to Consumers from 1 September 2024 concerning the possible drawdown of the newly created seed capital / vested component of retirement savings (10% of the pension member’s existing savings, with a maximum of R30,000). Additionally, from year 2 of the scheme, the individual will be permitted to access the entire savings-pot annually, which pot is comprised of one-third of the annual retirement saving (two-thirds goes to the retirement pot which cannot be accessed). Questions: (a)   Should the Consumer take the 10% of the member’s savings on offer from 1 September (with a maximum of R30,000) being the vested component, to partially pay down debt review? The balance of the vested funds would remain vested until retirement. (b) Should the Consumer instead take a "well-earned" breather and use the money to buy some “very necessary items”, which cannot presently be purchased through further borrowings? The justification may be why not, it is all legal and above board! (c) Resist the temptation and preserve the vested component until retirement date? (d) From year 2 (1 September 2025), and every year thereafter, access the entire newly created one-third savings pot (as opposed to the two-thirds retirement pot) to pay down debt review or, spend the money? Or, should (d) be resisted altogether? PS. I would be amiss if I didn't state where I stand on this issue since I firmly believe that every individual should do everything in their power to refrain from drawing down on pension savings prematurely. I personally have never done so and I would never encourage this for the very reason that I have seen the financial ruin of others, from which there is no recovery, unfortunately.

Now is a great time to start talking about 2024 plans and what to focus on with clients. This breakdown mentions emergency savings and health care, but I also think we need to prioritize retirement planning in regular conversations. What's your go to advice heading into 2024? https://ow.ly/TcXo30syU0t #RetirementPlanning #Business

Let me share this with you... SMSF loans offer direct control over retirement funds, enabling property investment within self-managed super funds. Here's who benefits: ✅ Investors seeking control: Individuals who want more control over their superannuation investments, including the ability to invest in property, can benefit from SMSF loans. ✅ Diversifiers: SMSF loans allow investors to diversify their superannuation portfolios beyond traditional asset classes like stocks and bonds. ✅ Tax Savvy: SMSFs offer potential tax benefits, including concessional tax rates on investment earnings and tax deductions for certain expenses related to the property. ✅ Wealth Builders: Investing in property through an SMSF can be a strategy for building long-term wealth and retirement savings. ✅ Retirement Planners: SMSF loans provide flexibility in retirement planning by allowing individuals to invest in assets that align with their retirement goals and objectives. Is this helpful?? Let me know below in the comments or comment with any questions you have! 🚀 Follow me for informative content about finance, mortgage, and real estate! 📞 Or visit our website to book a call PS. Check my profile for part 1.👀

If you’re managing your own superannuation, finding the right SMSF loan could make a big difference to your final funds when it comes to your retirement. You have the goals, we help you get there. 💼🎯 Reach out to us today to discuss your options and see which SMSF loan could be right for you. 📞 #SMSFLoan #Superannuation #RetirementPlanning #FinancialGoals #ConfettiFinance #WealthManagement #SelfManagedSuper #FinanceAdvice #RetirementSuccess #FinancialFuture #LoanOptions

Our clients represent the heartbeat of our success. Read one of our most recent stories below 👇🏼 Client X approached us seeking solutions for a $60k annual tax burden and a desire to expedite repayment of their remaining 28-year owner-occupier debt. With retirement 17 years away, they aimed for a post-retirement income of $110k annually. However, projections based on a 4% return from their portfolio suggested a retirement income of only $60,122 yearly, falling short of their target. Moreover, Client X faced challenges with their underperforming superannuation fund, plagued by high fees. To address these concerns, we proposed a strategy involving strategic property investments: a $535,000 townhouse purchase within their SMSF and a $746,950 dual-occupancy in Brisbane for personal ownership. These investments were chosen not only for their potential to enhance retirement income but also for their additional advantages. The properties’ rental income streams were structured to assist in paying down the client’s owner-occupier debt more rapidly. Furthermore, they offered various tax advantages, such as depreciation benefits, potential deductions on mortgage interest, and potential deductions related to SMSF property investments. Following a year of property market growth, a reassessment revealed promising developments. Based on the actual property valuations and a 4% return from their portfolio, Client X is now projected to achieve a retirement income of $102,556 annually. Considering their age (mid-40s), there’s ample opportunity to surpass their income goals as more years unfold. By aligning their investments with specific property acquisitions, we’ve significantly improved their trajectory toward meeting retirement income aspirations while addressing tax concerns, optimising their wealth-building potential, and strategically leveraging the properties to expedite the repayment of their owner-occupier debt.

For some pre-retirees, debt repayment is the primary focus over savings, leading them to delay or reduce their retirement lifestyle. But if you’ve been struggling to save, it’s never too late (or early) to take steps to encourage you to get back on track.

Securing a stress-free retirement starts with smart financial decisions today. #FinancialPlanning

Now is a great time to start talking about 2024 plans and what to focus on with clients. This breakdown mentions emergency savings and health care, but I also think we need to prioritize retirement planning in regular conversations. What's your go to advice heading into 2024? https://ow.ly/w4tT30szbrw #RetirementPlanning #Business

Denver Employees Retirement System is refining its investment strategy, shifting its focus towards real estate credit. The system has rebalanced its portfolio by raising its target allocation for private real estate debt and reducing its allocation for core real estate by 2% each. #investmentstrategy #PERECredit #RealEstateCredit #privatecredit #RealEstateCredit https://okt.to/ERHIX1