On today's episode Warren Ingram teaches us how to strategically phase in your investments, minimize fees, and maximize interest earned. Warren also answers your questions on using an access bond as an emergency fund for guaranteed, tax-free returns at high interest rates.

Takeaways

• Strategically phasing in investments to avoid unnecessary fees
• Managing transaction costs effectively
• How to maximize interest earned during the phase-in period
• How to minimize transfer fees (fixed and percentage-based)
• Identifying optimal brokerage accounts for maximum benefits
• Learn more on how to use an access bond as an emergency fund for guaranteed, tax-free returns at high interest rates (11.5%).
• How to conduct a test run to check the ease of withdrawal and any hidden costs.
• Identifying optimal brokerage accounts for maximum benefits.

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In this episode Warren Ingram delves into the retirement fund reform, which introduces a two-pot system to lower the tax burden when cashing in provident funds upon resignation. It segregates funds into a compulsory portion, locked until retirement, and a savings pot accessible during emergencies. While the reform doesn't alter the investment strategy, it modifies fund accessibility.

Takeaways

• The retirement fund reform aims to address the issue of high taxes when cashing in a provident fund.
• The two-pot system will have a compulsory part that is locked away until retirement and a savings pot for emergencies.
• The reform does not change the investment strategy but focuses on when and how the money can be accessed.
• The implementation of the reform has been delayed, and it is uncertain if the investment strategy will differ for the two pots.

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In this episode, Warren Ingram explores the topic of prescribed assets and their potential effects on retirement funds. He delves into their historical context during the apartheid era and clarifies that the ANC's manifesto is distinct from official policy, recommending that investors hold off on modifying their retirement strategies until concrete government policies are announced.

Takeaways

• Prescribed assets refer to the concept of forcing retirement funds to invest in specific government bonds or projects.
• The ANC election manifesto is not government policy, and it is important to wait and see how things unfold before making investment decisions.
• Consultation with unions and Treasury will play a significant role in determining the implementation of prescribed assets.
• Bankable projects, which generate returns and are well-managed, are more likely to be pursued as public-private partnerships rather than through prescribed assets.

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Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod