Your TFSA as a retirement plan | South Africa

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  • čas přidán 6. 09. 2024

Komentáře • 55

  • @TalkingMoneyWithNozi
    @TalkingMoneyWithNozi  Před rokem +2

    To buy my eBooks for beginners or book me for coaching, click on this link :👉 talkingmoneywithnozi.com/collections/all

  • @sphesihlegumede4401
    @sphesihlegumede4401 Před 2 lety +8

    You're a Greatest Financial Teacher wena Nozipho. And thank you. Your videos are so informative and are easy to understand. I wish every South African interested in financial education can subsribe to your CZcams channel. 🌻

  • @TracyChulu-er5cy
    @TracyChulu-er5cy Před 2 měsíci +2

    Thank you very much for educating us on these issues, we were very much ignorant about money. Saving and investing well explained.❤

  • @ExponentialEdgeAcademy
    @ExponentialEdgeAcademy Před 2 lety +4

    Thank you for clarifing TFSA nozy much appreciated

  • @vangilebabanyana9476
    @vangilebabanyana9476 Před 26 dny

    Stash fan hear we are . Thank you for information bcs i was withdrawing on my stash .

  • @hanik_12
    @hanik_12 Před 4 měsíci +2

    Thank you for the responce. I appreciate it😊

  • @TheJakes2009
    @TheJakes2009 Před 4 měsíci +2

    Nice detailed clear explanations. New Subscriber!

  • @mabelmokoka903
    @mabelmokoka903 Před 2 lety +4

    Thank you, I wish many people can watch this..

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před 2 lety +1

      If you click on the like button, more people will be able to find the video

    • @mabelmokoka903
      @mabelmokoka903 Před 2 lety +1

      @@TalkingMoneyWithNozi okay, will do that

  • @vangilebabanyana9476
    @vangilebabanyana9476 Před 26 dny

    Wow thank you for information of TFSA

  • @user-xr5sj7kn7g
    @user-xr5sj7kn7g Před 8 měsíci +2

    Eye opening advice,u r doing great job.

  • @nokwandamagugu569
    @nokwandamagugu569 Před rokem +1

    Thank you for this informative video. I'm glad I came across it at the right time. All my questions about TFSA were clearly answered ❤️

  • @thotyelwankayi7034
    @thotyelwankayi7034 Před rokem +1

    It's hard to believe that all this information is absolutely free.. Halala ntombazana.. Enkosi mntasekhaya ❣️

  • @modikoakoena250
    @modikoakoena250 Před rokem +1

    Your explanations really simple ❤️😊👍🏽

  • @zanelenxumalo5057
    @zanelenxumalo5057 Před rokem

    I am stash & easyequities. Thank you education info you gives my child i old to your mom but i learning a lot

  • @hermanndj9252
    @hermanndj9252 Před dnem

    What advice would you give to a 50 years old who want to start his retirement annuity and tfsa or any retirement investment

  • @keisamuels3871
    @keisamuels3871 Před 2 lety +1

    So informative. Thank you so much for breaking it down

  • @sonofmarz16
    @sonofmarz16 Před 2 lety +2

    Helpful information Thanks Nozy.

  • @mokgaetjilanga8982
    @mokgaetjilanga8982 Před rokem +2

    Hi Nozi, Thank you for great and informative financial content as always. Can you please clarify if I open two TFSA with different banks does each account earn interest or only one of the accounts will earn interest?

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před rokem

      You will earn interest from both accounts. But personally I don't like bank TFSA accounts

  • @ExponentialEdgeAcademy
    @ExponentialEdgeAcademy Před 2 lety +3

    I plan to invest R36k once off every TFSA financial year without taking my profits until the R500000 limit that means I'll withdraw after 14 years is that a good idea?

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před 2 lety +7

      Don't withdraw. When you get to R500 000, just leave it to continue growing.

  • @nelisiwemncube6077
    @nelisiwemncube6077 Před 2 lety +1

    Thank you so much Nozi, your ability to simplify concepts is just phenomenal. I want to open TFSA for my son for his university fees. I'm just concerned that he will not be able to make his contributions when he turns 18yrs. What is your take.

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před 2 lety

      But I said please don't use a TFSA as a school fees fund. You're very naughty wena 😏

  • @hanik_12
    @hanik_12 Před 4 měsíci

    Hi Nozi...thank you for videos, they are so informative. Am I allowed I move my funds from a retirement account to a TFSA account?

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před 4 měsíci

      No you can't transfer money from a retirement fund to TFSA. Unless you are withdrawing funds from your retirement then you deposit into your TFSA

  • @tshepisokhaba3331
    @tshepisokhaba3331 Před rokem

    Hello, do you have a Playlist on CZcams for beginners to learn all about this and more?

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před rokem

      Hi please look through my retirement planning playlist. Or just select whichever suits you

  • @that1000wordsphotog
    @that1000wordsphotog Před 2 lety +3

    Hi there Nozi, firstly wana say brilliant work you doing, really appreciate your knowledge sharing. I have a question I am hoping you may have an answer too or some insight.
    So I’m wanting to save/invest ( not sure if it is the write wording ) for a down payment for a home the target amount is 200k over the next 4/5 years. Straight saving works out to R4000 a month.
    Now I’m thinking is there an invest or anything that is out there will assist in getting to that target amount sooner?
    Thank you again for your consistent good work.

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před 2 lety +1

      For something like a house you cannot afford to invest that money in the stock market because of risk. You would rather save that money in a bank account that will pay you interest.

  • @marieestelle709
    @marieestelle709 Před 29 dny +1

    ❤😂🎉😊

  • @vangilebabanyana9476
    @vangilebabanyana9476 Před 26 dny

    Can one save I. TFSA on 5yrs period?

  • @sivuzani
    @sivuzani Před 2 lety +1

    Nozipho, so another question is if you leave the R500 000 in the TFSA and let it grow, it's possible for your TFSA to be more than R500 000 right? and so that will not be taxed?

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před 2 lety +3

      It will grow to more than R500 000. And like I said in the video, there is NO tax on growth.

  • @PeterMokena
    @PeterMokena Před 5 měsíci

    Hi Nozi iv bought Etfs @ bank now how can i transfer to Etf?

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před 5 měsíci

      Hi. I don't understand your question. Please type it again in a different way

  • @thokomalangcobo2326
    @thokomalangcobo2326 Před 2 lety

    How To access TFSA on Easyequities

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před 2 lety +1

      You have to open an EasyEquities account first then you will get access to the TFSA.

  • @thokomalangcobo2326
    @thokomalangcobo2326 Před 2 lety

    Why it is called tax free if you will be charged when you take it out

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před 2 lety +1

      you are NOT charged when you take out money from a TFSA. You are only taxed when you take money out of pension funds and provident funds.

  • @sivuzani
    @sivuzani Před 2 lety

    Hi Nozipho, just a question. You said if you have two TFSA accounts and you deposit R20 000 on one of them, then on the second one you can only deposit R16 000 right? K, so does this then mean that you cannot have R500 000 on each one, it will have to be R500 000 overall for both?

  • @agnesnhlapo8579
    @agnesnhlapo8579 Před 2 lety

    hi Nozi i wish to know how much interest am i looking at if i invest 36000 for the period of 5yrs?Thandi

    • @TalkingMoneyWithNozi
      @TalkingMoneyWithNozi  Před 2 lety +1

      Hi Thandi, when it comes to investing, we don't talk about interest. We talk about Capital growth and dividends. How much you earn depends on the performance of the investments that you choose.

    • @agnesnhlapo8579
      @agnesnhlapo8579 Před 2 lety +1

      thanks dear