Let us help you build and improve your Financial Wellness

Take control of your financial future with experienced and sound advice from seasoned professionals.

SERVICESCONTACT US

Over 30 Years Experience

Certified & Accredited

Transparent & Professional

Over 200 Projects Completed

WELCOME TO FCW Your Financial Planning…Taken Seriously

At Financial Wellness Coach, we understand that navigating the complexities of personal finance requires more than just knowledge; it demands experience and a genuine commitment to your financial well-being. Led by Kenny, a seasoned Certified Financial Planner with decades of expertise in South Africa’s financial landscape, we are dedicated to empowering you to secure your financial future.

Kenny’s unique blend of insights—from his role as a personal finance columnist at the Daily Maverick to his Life and Pension fellowships—ensures that you will receive trusted guidance tailored to your individual circumstances. Together, we will create robust financial strategies that not only protect your income but also enhance your peace of mind, enabling you to focus on what truly matters in life.

WHAT WE DO Our Services

RETIREMENT PLANNING (BEFORE)

We guide you to understand how much money you need to retire comfortably. We calculate how much you should save monthly and recommend suitable investment structures. Our planning ensures you stay on track toward a stable, financially secure retirement.

ESTATE PLANNING

Estate value can be eroded by capital gains tax, executor fees, and estate duty. We help minimize these costs by structuring your assets effectively, ensuring your estate retains as much value as possible.

WEALTH ACCUMULATION

We assist in diversifying investments to prevent exposure to unnecessary risks, such as having investments concentrated in one country or asset class. Our holistic strategy helps you maximize tax benefits while making balanced decisions.

RETIREMENT PLANNING (AFTER)

We help structure retirement income to ensure it lasts your lifetime, minimizing tax obligations while aligning investments with income needs. Through annual reviews, we will ensure that your funds are correctly invested to meet your income needs

FINANCIAL PLANNING

We offer a comprehensive assessment of your finances to identify weaknesses and inefficiencies. From this comprehensive audit we draw up a tailored plan, and establish structures for lasting financial wellness for you and your family.

RISK MANAGEMENT

We use specialized software to scientifically determine how much life insurance or disability cover you truly need. This ensures you are not overpaying for unnecessary coverage, while safeguarding your financial path to maintain stability.

OUR OUTCOMES How Can We Help You?

1
2
3
4
5
6
7

Your investments need to be well structured in order to meet your short-, medium- and long-term goals.   We use the following model:

Term Duration Investment approach Max Equity  Targeted Return
Short < 2 years Conservative 20% Fixed Income index + 1%
Medium 2 to 5 years Moderate 50% Inflation + 4%
Long 5 years + Moderate Aggressive 75% Inflation + 6%

Factors we look at when constructing your investment portfolio include ensuring that:

  • It can handle challenging times
  • It can take advantage of growth opportunities
  • The costs are kept to a minimum
  • Any taxes paid are kept to a minimum
  • We have the right mix of local and offshore assets.

We make use of financial planning software and one of the packages that we use is asset map.  Here is a video which shows how this can help you better understand your finances. Asset Map video

    SERVICE 1

    Helping you invest your money wisely

    We will help you plan for your retirement by doing the following:

    • help you calculate how much are you going to need each month when you retire
    • help you calculate how much of this monthly amount your current retirement savings will meet
    • we will then help you put in place a tax efficient investment plan in order to close this gap.

    We make use of special financial planning software and will run various scenarios for you to help you understand the impact of:

    • early or late retirement
    • the selling of different assets to meet your retirement needs

    All of this to help you find that sweet spot where:

    • your money will last for the rest of your life
    • you pay the least amount of tax
    • any estate duty is minimized

    We provide benefit counselling to pension and provident funds, as well as run workshops and webinars on retirement planning.

      SERVICE 2

      Helping you ensure that you have enough money when you retire

      When you retire, you need to convert your assets into an income stream. The decisions you make here are very important and can have a major impact on your financial wellness in years to come if you do not get the right structures in place.

      We will help you make the right ones in terms of:

      • what lump sum to take
      • what type of annuity to take
      • what portfolios you should be investing in in order to get the best returns at the right level of risk
      • how to structure your various investments and drawdowns in order to pay the least amount of income tax
      • how to ensure that you do not run out of money
      • how to use your retirement funds to avoid paying estate duty

        SERVICE 3

        Helping you convert your assets into a tax-efficient and sustainable income stream when you retire

        When you pass away, your estate will typically pay around R1 million in estate duty for every R5 million in assets that you have.  With a bit of planning, this amount is able to be reduced.

        By structuring your assets ahead of time, you can ensure that the tax man receives less and your family receives more.  I am a co-presenter of a course on estate planning at UCT and am familiar with the many opportunities that exist to reduce this tax.

        There are three big costs when you pass away:

        • estate duty
        • capital gains tax
        • executor fees

        We will analyse your estate as if you had passed away and calculate these various costs. We then run the numbers and create an action plan to be implemented to reduce these amounts. Just a bit of clever planning can make a massive difference to the financial wellness of your loved ones

         

          SERVICE 4

          Ensuring that you have a well-planned estate and do not pay any unnecessary fees and taxes

          It is important that you have a solid will in place.  There should be no grey areas which could lead to the wrapping up of your estate taking a long time.  

          If you have offshore assets that are not in a structure where beneficiaries are attached, then you should have and offshore will. We can be of assistance here and facilitate the drafting of a robust will for you.

            SERVICE 5

            Ensuring that you have a robust will in place

            What will happen to you and your family if you are unable to work ever again?  You must ensure that you and your family remain on the same financial trajectory that you are currently on even if you are unable to work. 

            We can put solutions in place that will ensure that you continue to receive an income until you reach retirement, should you not be able to work. You can get this even if you have your own company or earn a living through a number of side gigs/odd jobs.

              SERVICE 6

              Protecting your ability to earn an income

              We are living a lot longer and the chances of getting a serious illness and surviving it are good. The problem here is that it comes at a cost.

              Besides the financial impact of not being able to work at full strength while you are sick and recovering, there will also be costs that your medical aid and gap cover do not meet. These costs can be quite large, and I have seen people having to take out additional loans to keep afloat.

              There are simple solutions that can easily remove this risk, which we can explore and tailor to your specific scenario.

                SERVICE 7

                Protecting you from massive medical costs

                BOOK AN APPOINTMENT NOW

                LATEST NEWS Our Blog

                Explore a wealth of financial knowledge and insights on our blog. From investment tips to budgeting advice, we cover a wide range of topics to help you make informed decisions about your money. Dive into our blog and empower yourself with the financial know-how you need!

                Nov 17 2024

                80 – How to navigate living annuities, drawdown rates and volatile markets

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Nov 17 2024

                81 – A legitimate way to avoid donations tax

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Nov 17 2024

                82 – The pros (and cons) of resigning from a defined benefit pension fund

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Nov 17 2024

                83 – Here’s a financial game plan to relieve the stress after retrenchment

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Nov 17 2024

                84 – How to create a viable succession plan and extract value from your practice

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Nov 17 2024

                85 – How to adjust your financial planning before your baby is born

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Nov 17 2024

                86 – How to keep your family financially stable during delays in winding up estates

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Nov 17 2024

                87 – Intestate succession: where there’s a will, there’s an easier way

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Nov 17 2024

                88 – Set up a separate entity for your business to keep it running after you’re gone

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Nov 17 2024

                89 – What to consider when calculating the benefits of alternative energy sources

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                90 – The pros and cons of investing funds offshore

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                91 – A shareholder buy-and-sell arrangement can preserve your business dynamic

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                92 – The implications of what used to be called ‘financial emigration’

                Question I have been living in Australia for the past five years and have just been granted permanent residence status. I want to emigrate financially and would like to...
                Oct 15 2024

                93 – The costs of implementing your will and bequeathing your estate

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                94 – How to ensure you are making the most of your living annuity

                Question I recently received a letter to confirm the drawdown percentage of my living annuity. To keep the same level of income, I had to increase my drawdown to 7%, as...
                Oct 15 2024

                95 – All you need to know about bequests, marriage in community of property, capital gains tax and more

                Question I have a number of questions regarding the abovementioned topics:Answer Correctly structuring your income when you retire is one of the most important...
                Oct 15 2024

                96 – All you need to know about Islamic marriages, property rights and antenuptial contracts

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                97 – How to make sure you enter 2023 with your finances in order

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                98 – What to do with your pension fund after changing jobs

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                99 – How to ensure that your family benefits from your business

                Question During the holidays, I took a good look at my personal finances and realized that I have invested pretty much all my assets in a business that I own with a...
                Oct 15 2024

                107 – How to make it easy for children who live overseas to inherit

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                106 – Be careful of transferring assets before you die

                Question I am moving down to Cape Town to retire and wish to buy a property.  The property will not be financed though a bond as I will be using my savings to buy it. ...
                Oct 15 2024

                105 – How to keep key employees and use your business to generate a pension

                Question I recall reading a column that you wrote a couple of years ago about putting a structure in place so that younger employees can buy shares in a company. I...
                Oct 15 2024

                104 – What to do if your life insurance premiums start doubling every 5 years

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                103 – How to get the best pension that lasts for your whole life

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                102 – How to make it easy for your heirs to inherit offshore assets

                Question I have been doing some estate planning and am looking at how I can make it easier for my children to inherit from me and not pay any unnecessary tax. I have a...
                Oct 15 2024

                101 – How to choose the right medical product

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Oct 15 2024

                100 – How to ensure that your emergency fund grows

                Question I retired five years ago and have around R1 million in my bank account that I use as an emergency fund to pay for any unexpected expenses. Since I retired, I...
                Sep 24 2024

                108 – How to make it easy for your heirs to inherit foreign shares

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Sep 24 2024

                109 – What risk cover does a young person need?

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Sep 24 2024

                110 – What to do if you get retrenched

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Sep 24 2024

                111 – What lump sum should you take from your retirement fund

                Question I will be retiring soon and am entitled to take a lump sum of R2 million from our pension fund.   I believe that we can take a lower lump sum in order to get a...
                Sep 24 2024

                112 – Offshore considerations during estate planning

                Question I have been doing some estate planning and am looking at how I can make it easier for my children to inherit from me and not pay any unnecessary tax. I have a...
                Sep 24 2024

                113 – Should I cancel my medical aid?

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Sep 24 2024

                115 – How to invest offshore

                Question The recent collapse of the Rand against the dollar has made me feel very unsettled. I think that it is time that I started moving some of my investments...
                Sep 24 2024

                116 – How to get your small business to provide you with a sustainable income when you retire

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Sep 24 2024

                117 – Should I sell my shares?

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Sep 24 2024

                118 – How to turn your debt into wealth

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Sep 24 2024

                119 – How to pay less tax in a family trust

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...
                Jun 11 2024

                114 – How to structure your retirement income to pay the least amount of tax

                Question I retired three years ago, with half my income coming from my company pension fund and the other half from interest from investments. I am paying tax at a rate...

                WHAT OUR CUSTOMERS SAY Our Testimonials

                Hilde
                "Thank you so very much for your excellent advice and guidance and your warm caring service always. May God bless you"
                "Thank you so very much for your excellent advice and guidance and your warm caring service always. May God bless you"
                Hilde
                Gillian
                “Sound knowledge, qualified, astute, insightful with decades of industry experience.”
                “Sound knowledge, qualified, astute, insightful with decades of industry experience.”
                Gillian
                Kaveer
                “Kenny’s insight, extensive knowledge and his ability to identify and capitalise on issues, trends and uncertainty in the financial services industry is unsurpassed. A great mentor, life student and all round good guy ”
                “Kenny’s insight, extensive knowledge and his ability to identify and capitalise on issues, trends and uncertainty in the financial services industry is unsurpassed. A great mentor, life student and all round good guy”
                Kaveer
                Ruan
                “Kenny is an financial savant. He knows more that most people I know, and can explain it all in plain English. He is accessible as an advisor and empathetic as a human being to the the challenges faced by everyday people. Kenny Meiring is what safe...
                Read More
                “Kenny is an financial savant. He knows more that most people I know, and can explain it all in plain English. He is accessible as an advisor and empathetic as a human being to the the challenges faced by everyday people. Kenny Meiring is what safe looks like. I trust him with my life.”
                Ruan
                Clinton
                “Kenny has the unique ability to think both as a left brained and right brained individual. In the marketing world within the financial services industry that is invaluable.”
                “Kenny has the unique ability to think both as a left brained and right brained individual. In the marketing world within the financial services industry that is invaluable.”
                Clinton
                George
                “Professional thorough review of current financial situation and also planning for future. His vast experience in the financial sector can only be a big asset to future clients.”
                “Professional thorough review of current financial situation and also planning for future. His vast experience in the financial sector can only be a big asset to future clients.”
                George

                PARTNERS Who we work with

                PUBLICATIONS Where we have been featured

                CONTACT Get in touch with us today

                CONTACT DETAILS

                17 Stepping Stones Road, Everglen, Cape Town, Western Cape, 7550, South Africa

                +27- 82 856 0348

                kenny@financialwellnesscoach.co.za

                What do you need help with?

                FOLLOW US ON SOCIAL MEDIA

                We post a variety of useful finance related content on multiple channels. From our weekly Daily Maverick post, to weekly social media posts in our Facebook Group, join our community and make your finances Future-Fit!

                Download the Life File