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Your TFSA as a retirement plan | South Africa 

Talking Money With Nozi
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7 сен 2024

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Комментарии : 55   
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi Год назад
To buy my eBooks for beginners or book me for coaching, click on this link :👉 talkingmoneywithnozi.com/collections/all
@TracyChulu-er5cy
@TracyChulu-er5cy 3 месяца назад
Thank you very much for educating us on these issues, we were very much ignorant about money. Saving and investing well explained.❤
@sphesihlegumede4401
@sphesihlegumede4401 2 года назад
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 RU-vid channel. 🌻
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 2 года назад
🙏🏼🙏🏼 thank you for your kind words.
@kayakazi7765
@kayakazi7765 Год назад
I am spreading the word as much as I can... She is the best
@vangilebabanyana9476
@vangilebabanyana9476 27 дней назад
Stash fan hear we are . Thank you for information bcs i was withdrawing on my stash .
@hanik_12
@hanik_12 4 месяца назад
Thank you for the responce. I appreciate it😊
@ExponentialEdgeAcademy
@ExponentialEdgeAcademy 2 года назад
Thank you for clarifing TFSA nozy much appreciated
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 2 года назад
You're welcome 😊
@vangilebabanyana9476
@vangilebabanyana9476 27 дней назад
Wow thank you for information of TFSA
@TheJakes2009
@TheJakes2009 4 месяца назад
Nice detailed clear explanations. New Subscriber!
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 4 месяца назад
🙂🙏🏼🙏🏼🙏🏼
@mabelmokoka903
@mabelmokoka903 2 года назад
Thank you, I wish many people can watch this..
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 2 года назад
If you click on the like button, more people will be able to find the video
@mabelmokoka903
@mabelmokoka903 2 года назад
@@TalkingMoneyWithNozi okay, will do that
@user-xr5sj7kn7g
@user-xr5sj7kn7g 8 месяцев назад
Eye opening advice,u r doing great job.
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 8 месяцев назад
🙏🏼😊😊😊😊
@nokwandamagugu569
@nokwandamagugu569 Год назад
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 ❤️
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi Год назад
I'm glad you enjoyed the video
@thotyelwankayi7034
@thotyelwankayi7034 Год назад
It's hard to believe that all this information is absolutely free.. Halala ntombazana.. Enkosi mntasekhaya ❣️
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi Год назад
You're welcome. Thank you for watching
@modikoakoena250
@modikoakoena250 Год назад
Your explanations really simple ❤️😊👍🏽
@hermanndj9252
@hermanndj9252 2 дня назад
What advice would you give to a 50 years old who want to start his retirement annuity and tfsa or any retirement investment
@zanelenxumalo5057
@zanelenxumalo5057 Год назад
I am stash & easyequities. Thank you education info you gives my child i old to your mom but i learning a lot
@keisamuels3871
@keisamuels3871 2 года назад
So informative. Thank you so much for breaking it down
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 2 года назад
You're welcome. Thank you for watching 🙏🏼
@sonofmarz16
@sonofmarz16 2 года назад
Helpful information Thanks Nozy.
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 2 года назад
You're welcome 😊
@mokgaetjilanga8982
@mokgaetjilanga8982 Год назад
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 Год назад
You will earn interest from both accounts. But personally I don't like bank TFSA accounts
@nelisiwemncube6077
@nelisiwemncube6077 2 года назад
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 2 года назад
But I said please don't use a TFSA as a school fees fund. You're very naughty wena 😏
@that1000wordsphotog
@that1000wordsphotog 2 года назад
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 2 года назад
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.
@hanik_12
@hanik_12 4 месяца назад
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 4 месяца назад
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
@ExponentialEdgeAcademy
@ExponentialEdgeAcademy 2 года назад
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 2 года назад
Don't withdraw. When you get to R500 000, just leave it to continue growing.
@marieestelle709
@marieestelle709 Месяц назад
❤😂🎉😊
@tshepisokhaba3331
@tshepisokhaba3331 Год назад
Hello, do you have a Playlist on RU-vid for beginners to learn all about this and more?
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi Год назад
Hi please look through my retirement planning playlist. Or just select whichever suits you
@vangilebabanyana9476
@vangilebabanyana9476 27 дней назад
Can one save I. TFSA on 5yrs period?
@sivuzani
@sivuzani 2 года назад
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 2 года назад
It will grow to more than R500 000. And like I said in the video, there is NO tax on growth.
@PeterMokena
@PeterMokena 5 месяцев назад
Hi Nozi iv bought Etfs @ bank now how can i transfer to Etf?
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 5 месяцев назад
Hi. I don't understand your question. Please type it again in a different way
@sivuzani
@sivuzani 2 года назад
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?
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 2 года назад
R500k overall for both
@thokomalangcobo2326
@thokomalangcobo2326 2 года назад
Why it is called tax free if you will be charged when you take it out
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 2 года назад
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.
@agnesnhlapo8579
@agnesnhlapo8579 2 года назад
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 2 года назад
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 2 года назад
thanks dear
@thokomalangcobo2326
@thokomalangcobo2326 2 года назад
How To access TFSA on Easyequities
@TalkingMoneyWithNozi
@TalkingMoneyWithNozi 2 года назад
You have to open an EasyEquities account first then you will get access to the TFSA.
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