South Africa has become one of the most stable and fastest developing counties on the African continent. Numerous South African businesses have grown into worldwide conglomerates and there are several billionaires living in the country today. Take a look at how some of the richest people in South Africa climbed the ladder of success.
Markus Jooste is the CEO of Steinhoff International. He joined the company in 1988 after he engineered the sale of a South African retail chain to the German owners of Steinhoff. He then worked his way through the company to turn it into “Africa’s Ikea” and the second largest retailer of household goods in Europe. In 2014 Steinhoff International purchased another company, Pepkor Holdings, which added clothing to their list of offerings.
Medicare Supplemental Insurance is a policy to cover those gaps in Medicare coverage so that you are protected from having to pay for care in certain instances where Medicare won’t cover you. Also known as MediGaps, these include copayments, coinsurance and various deductibles, depending on what medical needs you may have. However, there are a number of important things you should know about Medicare Supplemental Insurance before you set up a policy for yourself:
You are still in the Medicare Program and you still receive the same rights and protections in the Medicare program as you did before you set up this Medicare Supplemental Insurance Policy.
You can only join a plan at certain times during the year. This will vary from plan to plan so it is important to know exactly when you can join one and when you can’t.
You can check with the plan before you get a particular service to see if it’s covered and what the costs may be if it is or isn’t. This is incredibly helpful for people who may have pre-existing conditions or have concerns about health problems they may have in the near future.
Most plans will allow those with pre-existing conditions to sign up for their plans, with the exception of a few conditions, namely End-Stage Renal Disease.
You must follow the specific rules of your medicare supplemental insurance plan, like getting referrals from specialists to avoid the added cost and using specialists within your plan’s network. Each plan is different so it’s important to check with the plan before each treatment or doctor’s visit. If you go to someone outside of network, there is a good chance you will not be covered at all.
Out of pocket expenses are usually capped with a limit for how much each policy holder has to spend per year. Once this limit is reached, you will not have to pay anymore out of pocket for the rest of that year. However, these limits can often change at any time.
These Medicare Supplemental Insurance plans can’t charge more than original Medicare would charge for services like chemotherapy, dialysis or skilled nursing facility care.
Retirement is the big dream for most Americans. Putting down the ax and calling it quits from the grind stone is every hard-working persons’ ultimate goal, save those rare occasions when an individual would like to work until death. What are the actual numbers behind what make this dream a reality though? The answer is closely tied to how you want to spend your retirement. There are endless options ranging in price and depending on your wants and needs.
Retirement calculation will help you crunch these numbers, but ultimately, you must ask yourself what kind of life you want to live. For instance, some people’s ideal retirement is just to maintain mortgage, taxes, food, health care, and other essential living expenses, while saving for end of life costs such as hospice nursing and a decent funeral service. If you are the creator of a large or small family, you may also want to consider leaving your loved ones something behind. A retirement calculator can help put all these numbers into perspective by adding your expenses and subtracting them from your annual allowance or projected lump sum.
Still other people have more extravagant retirement plans which can still be surprisingly affordable: purchasing a small piece of land in a tropical paradise, selling the house to buy a dependable RV to travel away the rest of those days, or even relocating to Europe or some other country you have always admired.
You may want to think about budgeting carefully if you are a luxurious spender. Money goes so fast. Whatever budget you create, extravagant or frugal, just remember to stick to it, and also, plan to live until 100, better to over shoot than under estimate. If you are lucky enough to have a job with a retirement plan, it is highly recommended to NOT cash out early, no matter how appealing this option may seem. After all, that money is for the future! Be patient. Try to forget it exists.
Vanguard manages $3 trillion of assets and has traditionally been quite successful at managing other people’s money. In examining the nation’s top 101 most popular 401(k) plans, Vanguard 401k makes up 32 of them. What does this giant in retirement funds have to offer different investors?
A very popular investment is Target Retirement funds, which Vanguard is able to offer to 88% of its investors and 66% of different plan participants invest in those plans. Eight of the actively managed funds appear on the list of the 101 most popular, and actively managed funds have especially been a target for overcharging customers, Vanguard’s actively managed plans have a good reputation for controlling costs.
Most of Vanguard’s 401(k)’s have a good reputation for providing a solid mix of stocks and bonds, as well as providing a reasonable expense ratio.
Wellington: Vanguard’s Wellington invests 66% of its assets in stocks with 34% invested in bonds. This fund has $89 billion in assets and an expense ratio of .26%. The real question an investor has is the return on investment. The one-year return on Vanguard Wellington is 3.5%, the five-year return is 12.1%, and the 10-year return is 7.9%.
All is not perfect with Vanguard funds. Their International Growth plan has had three different managers since 2009, and that has affected its recent performance. International Growth fund has $23.1 billion in assets and an expense ratio of .47% which is still not astronomical. The one year return is -1.6%, the five-year return is 10.5, and the 10 year return is 7%. The discrepancy between the one and five and ten year returns indicates this plan bears watching. Perhaps with a consistent leadership, this plan will settle in and produce more consistent results.
Finally, consider the Vanguard Morgan Growth plan. This plan has $11.6 billion in assets, an expense ratio of .40%, and a one-year return of 12.6%, a five-year 17.7%, and a 10 year return of 8.6%. This fund invests in fast-growing firms that have smart boards and smart directors. If there is a concern about this fund it is that there are five firms involved in running it.
Vanguard has been around for a long time, and has been successful just as long making smart investments with their Vanguard IRA plans. Depending on how important large growth is there are many funds a future retiree can choose from.
Most of the people during their working years dream of taking some time off and plan to go on a vacation, play golf, or just relax and spend time with their loved ones. However, when retirement comes, many of us may actually miss that work. There can be thousand of reasons to continue working during your retirement years. It can be because you want to stay healthy, both mentally and physically, you want some extra source of income, or you simply want to remain productive and engaged.
No matter what your reasons are for working in your golden years, whether monetary or other reasons, we can help you find a job after your retirement. Just go through our list of the 15 best jobs after retirement, and find the one that suits you the best as per your post-retirement requirements. Have a look.
Stardom and fame can be overwhelming, especially when you have already racked up millions of dollars and endless glory. Therefore, it is not surprising that some celebrities decide to walk away from the fortune game. They choose to retire early and take a step back from their high profile lives and current profession, in order to spend a low profile lifestyle, try some other vocation, or pursue their hobbies.
No matter what their reasons are for early retirement, these celebrities also quickly come back into the limelight. There are a few stars who just cannot give up the fame, even after claiming that their career is over. They make plans to retire and then shortly return to where they were before. These stars return in the game as fast as they leave. Have a look at 15 such celebrities who ‘un’ retired and then came back in the game.
Everyone wants to be famous and desires to lead a lavish lifestyle. Whether it’s about acting in Hollywood, appearing on the small screen, or just becoming famous by television advertisements, anything that brings fame is quite in demand. However, not everybody likes to be famous throughout their life. They may get bored of their acting career, want some privacy, or choose to lead normal lives like common people; some celebrities prefer to become businessmen, take a regular job, or become a stay-at-home mother rather than being in the limelight.
This article brings forth the 15 child stars who quit their acting career, in order to lead a normal lifestyle. They became famous with their acting stints, but chose to further continue their studies or pursue their hobby. Meet the former child celebrities who left the spotlight to choose a common career.
Celebrities remain young, no matter what their age is. They do not fade away even during their retirement life. Most of them stay in lavish homes and famous cities. For instance, Rod Stewart is almost 68 and stays in London. Elton John is around 65 and has ostentatious properties in various places, including Atlanta, the Cote d’Azur, and Windsor. Mick Jagger is pushing 70 and has stylish homes across Europe and in the Caribbean. Like these celebrities, there are other stars too who live in one of the most fascinating destinations of the world.
Let us look at where all these places are. In this article, you will read about the 15 top retirement hot spots, where retired celebrities live. Whether you are the type of retiree who does not want to peter out or if you are a quiet octogenarian who likes to stay at home, you are spoilt for choice to grow old in these fun places.
There are rich people in every field. Similarly, athletes also earn huge bucks. But, how much do they earn after their retirement. Do famous personalities keep up with their income even after retirement or do they earn much less and fell broke? We have compiled a list of 15 athletes who have the highest-paid income, even after their retirement. The term ‘retired’ should not be taken too seriously with these sportspersons, since they all are engrossed in their post-playing careers.
No matter, what they are doing, these former athletes certainly know how to market themselves and use their hard-earned dollars well in their winter of life. These athletes include basketball legends, former football players, American footballers, tennis players, and golfers, who fall between the age brackets of 33 and 85 years. Their income estimate include their salaries, licensing, endorsements, speaking, appearances, book deals, golf design, as well as production contracts till now. It does not include their investment income.
Unlike other professional sports, basketball is a short-lived career. It ends very quickly; as with small roster sizes, there are limited number of opportunities. This makes it difficult for sideline players to continue playing after they have left their heyday. Most of the players cannot accept the reality that they no longer earn multi-million dollar salaries. They are forced to adjust with the reality that now they have to rejoin the conventional workforce like the common man. And, some of them bet their on-court earnings into thriving business investments, apart from the sport.
The current careers of ex-NBA superstars vary from the ordinary, such as truck driving, to the extraordinary, like serving as a mayor of the chief American cities and leading international charities. Some players have accomplished continual basketball success by expanding their overseas career for more paychecks and championships. Most of the former NBA players struggled with their finances, but few others took advantage of the financial security that the NBA profession gave them.Various athletes struggle to switch from the life that a superstar enjoys to the average Joe lifestyle, once their professional sports career ends. However, there are also cases of players who have adapted well to their new lifestyle, away from the regular scrutiny of media. Now that these stars have retired from their professional sports career, let us see what these 15 ex-NBA players are doing at present.