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Time2Retire - the most important pointer I could give you is to take stock of your financial standing right at this point in your career - thus list salary, benefits, special awards, and bonuses (shares or cash), R.A's, Mutual funds, Life Policies, endowments (if you have any), leave accumulated, retrenchment package that the company may offer if retiring at 55, any penalties if you exit your pension fund early etc.
List all these income streams, plus any longer term liabilities that may be in play beyond your retirement horizon age.

I would create a spreadsheet of all your income streams salary and allowances for cast at 3% growth to age of retirement. Then determine from your HR department what portions of your salary package fall away upon retirement and what is your likely pension payout as a percentage of your gross income. If you get anything above 70% as a percentage and that they will give you an annual increase at the CPI rate whilst in retirement, then you will live comfortably. If you have wealth beyond this and you invest judiciously you will survive quite handsomely in your later years which is why you need capital and investments beyond a stable pension program.
I can't see a financial calculator working out whether you can or can't retire at a given age that is totally dependent on present salary what you lose from that gross salary and what your liabilities are currently and how quickly you can liquidate such liabilities. Also as a warning never cash in a portion of your pension to liquidate your liabilities as you will never regain that capital and all future CPI awards will be based on a lower pensionable income. If you have a bond extend its repayment end date - mine is to age 75 and I use it to purchase shares, or to do large property maintenance and repairs, and/or  my latest to settle the balloon payment on my car loan.
My advice be creative in using you finances - I turn 70 this year so nobody is going to employ me so I can't generate a new income stream unless I turn my hobby into a business which I have no intention of doing - I retired at 58 and am thoroughly enjoying myself
So best advise do you own sums and underestimate your returns on the income side and overstate the interest rates on the liabilities side of your calculations - some like to call it worst case scenario     

Quote from: gcr on February 27, 2017, 09:55:38 pm

Quote from: Thor187 on February 27, 2017, 08:11:47 pm

KAP, RLF, AXL all served me pretty good. But yes since Zuma and Gupta everything went to shiat. pretty much everything till November 2016.

DbxJP fcked.
dbxwd fcked.
STXIND fcked.

Stick with your STXIND and DBXWD both are long term investments - the old adage time in the market, not timing the market needs to be heeded - on my INDI I am still up 45% - and simply if this economy is to improve then the INDI will be the first to improve. The DBXWD is your backstop - if Zuma and his corrupt cadres bullet Gordhan then the Rand will see its ar%$ and you will be thankful for being in this DBX - I too am taking some pain on DBXWD but only .6% at present so can sit out the volatility

So play the long game

You really reckon Indi is the place to be over NFEMOM or CTOP50? Feels like we shifted back to resources being the best place to be (I use that term very very loosely)

I don't hold any resources shares as my take on sunny RSA is that as soon as we get improved prices on resources we end up with strikes and all sorts of delays in actually getting the ore out of the ground. The government has mouthed off about beneficiation for years and gets no closer to doing anything in this direction as it is just not viable as labour costs are exorbitant and we have a lazy workforce who find more satisfaction in striking than in doing an honest days work. So in reality (my opinion) resources will not be the countries saviour and we need to look elsewhere, also with the latest tax disincentives who will really want to take on investment risk.     

KAP, RLF, AXL all served me pretty good. But yes since Zuma and Gupta everything went to shiat. pretty much everything till November 2016.

DbxJP fcked.
dbxwd fcked.
STXIND fcked.

Stick with your STXIND and DBXWD both are long term investments - the old adage time in the market, not timing the market needs to be heeded - on my INDI I am still up 45% - and simply if this economy is to improve then the INDI will be the first to improve. The DBXWD is your backstop - if Zuma and his corrupt cadres bullet Gordhan then the Rand will see its ar%$ and you will be thankful for being in this DBX - I too am taking some pain on DBXWD but only .6% at present so can sit out the volatility

So play the long game 

Hope you didn't full scrap your 5000 word short story - put it in a library and revisit again at some future stage.
Good to see your resolve to write

Well my position improved significantly today, but, nothing like how my personal portfolio which improved by more than R 100,000, best single day this calendar year

Oh dear. I got another smite. Maybe I should tone down a little.

Smites are good - its character building

You only need to have your funds in the TFSA by 28th of this month the underpinning ETF can be bought anytime.
So in the case of INDI move the funds to the TFC and then place an order on record with your broker.
I have placed an order for INDI at R 65.90 and will wait out until it gets to that level

It might be, but he's a lot easier to get along with than my wife when I forget buy everything I promised I would

The real message here is don't promise - you would sound like any old Yank prime time series they are either promising to keep some alive, look after them forever - so false

Rather just get what your wife wants and if you forget apologise and tell her you are human and fallable