National Health Insurance in South Africa

There has been ongoing hype in the media about the proposed implementation of National Health Insurance in South Africa. Although this may be a wonderful idea, as most of us are spending a very high proportion of our disposable income on medical aid and top-up...

Does it pay to put all of your eggs into your “bond basket”?

Question: Anne (30) and Paul (35), married with 2 kids (2 and 5), recently purchased their first home. Anne and I recently purchased our first home together, a place where we envision our two young children will grow up.  What startled us when we signed all of the...

Times may be tough, but don’t cancel your life cover

Many South African households are feeling the pinch financially, and you may be tempted to cancel your life cover to free up some much-needed cash. But this could be a big mistake, with dire financial consequences for your loved ones. Hennie de Villiers, the deputy...

Saving for your children’s education

The best gift you can give your child….is an education  Investing in their future With each passing year education costs continue to skyrocket (well over the consumer price index) and our clients continue to express their growing concern over funding their children’s...

Income Protection vs Lump Sum Disability

At Southwood Financial Planning we have always believed that monthly income protection benefits as opposed to lump sum disability benefits are the preferred “disability” benefit. Only if a client truly cannot afford income protection benefits or if a lump sum is...