The Fat Wallet Show from Just One Lap
About This Show
The Fat Wallet Show is a show about questions. It’s about admitting that we don’t know everything, but that we’re willing to learn. Most of all, it’s about understanding as much as we can to make us all better investors.
Phrases like, “I’m not sure” or, “Let me look that up and get back to you” or, “I don’t know” don’t exist in the financial services industry. If you ever had a financial question you were too embarrassed to ask, you know what we’re talking about. In this business, appearances matter, and nobody wants to seem like they don’t know how things work or what the outlook is for the buchu industry. It’s easy to excuse that little vanity, except that people in the investment industry are meant to service investors - people like you and me who need to figure out what to do with our money.
There’s no such thing as a stupid question in this show. If you have unanswered financial questions, this is your opportunity to have them answered in a way that even I can understand. Pop them to us at firstname.lastname@example.org.
Hosted by Kristia van Heerden and Simon Brown.
Most Recent Episode
#22: Retirement and tax
3 days ago
I recently realised, to my horror, that pension fund and retirement annuity providers are winning at consumer education. With my first job came an onslaught of pension fund providers vying to communicate with my broke ass. I didn’t know how to budget, how to manage my debt, how to navigate myself out of a brown paper bag, but did I know who to call about retirement. Unfortunately, in the process of educating consumers to sell retirement annuities, providers fail to connect retirement savings with other aspects of financial life. The tax implications can be especially worrisome. Understanding taxes in relation to retirement savings is an important piece of the asset allocation puzzle in a broader portfolio. This week we received two excellent questions about retirement savings and taxes. Organisations like Gradidge-Mahura Investments are devoted to helping people figure out how to navigate this tricky terrain as part of a larger wealth management strategy. We asked co-founder Craig Gradidge to answer two questions. Firstly, what is the most tax efficient way to treat your retirement savings when you change jobs? Secondly, what does it mean to get a 27.5% tax rebate on retirement savings? Craig drops knowledge bombs all over this episode. Thanks to Petrus Booysens and Tim Milner for your excellent questions. Remember, The Fat Wallet Show is about learning. If you have a question about money or investments, no matter how simple, send it to us at email@example.com. Finally, at the beginning of the episode I allow myself a little indulgence by talking about one of my favourite Johannesburg hangouts, The Orbit. You can find out more about that here. Kris