Having celebrated our women this month on National Women’s Day, it’s not surprising to learn that, apart from being strong, resilient people, many women are smart investors.
Some of the best people in finance today are women, and at Hereford Group we are proud of our female Financial Advisors and the many other women playing pivotal roles in the company.
Risk-averse can be advantageous
As we all know, taking some risk when investing can be necessary to experience more rapidgrowth but in certain circumstances being risk-averse can be much more advantageous. Research has shown that women, in general, tend to be more risk-averse, making them excellent candidates for long-term investments like retirement plans.
Women tend to switch less and hold on to the investments they make, but like their male counterparts, they are astute enough to recognise the benefits of retirement policies that also carry tax benefits.
The magic of RAs
Retirement Annuities (RAs) are a great example of this as it is a tax-saving retirement investment with generally great returns designed for those who want to save towards retirement. It is ideal for entrepreneurs but can also be taken in addition to any existing pension or provident funds in which you already participate.
A substantial amount of your taxable income can be utilised towards the premiums for this,so it is a no-brainer as retirement investments go. They can only be drawn at age 55 so it is a safe long-term investment which allows you to take up to a third in cash and the rest is paid out as a pension.
Hereford group recognise individual needs
Whether you are male or female, a smart investor or not, our Financial Advisors at HerefordGroup have the experience and expertise to create a retirement and wealth creation program perfectly suited to your unique needs.
We understand that everyone is different and this is one of the things that have made us so successful over the 30 years that we have been assisting South Africans from all walks of life to have a better, brighter future – so talk to us today!
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