New St Francis Bay Quarterly Retirement Event. 

New St Francis Bay Quarterly Retirement Event. 

A large portion of St Francis Bay residents are retired or nearing retirement. At Client Care, we naturally work with many people in or planning this phase of their lives. Often, when one hears of or gets invited to a retirement seminar, visions come to mind around markets, finances, tax, and investments. Now, while these aspects are important, many other considerations need to be taken into account.

Rocking Retirement

These considerations deal with other aspects of life, such as physical and emotional health, well-being, and life after retirement. With this in mind, we have decided to start a new quarterly event called “Rocking Retirement”. The idea is to bring in or invite speakers to present around the various aspects of retirement that don’t get spoken about as much as the traditional financial ones. 

We will host the first of these breakfast events on the 15th of March at 9am at the St Francis Brewery with the blessing of Linky & Lance and hope to make this an ongoing event.

First Speaker

Our first speaker will be Gareth Stead. Gareth is the lead designer of Xpand SA’s state-of-the-art Navigating Retirement process. He practices as an executive coach, trainer and consultant. Gareth has an extensive track record working with individuals and organisations in private, public and non-profit sectors for the past 25+ years. He is an engaging public speaker and an excellent facilitator.

Did you know that research shows that your 60s are your most productive decade? And during this decade, retirement usually takes place which is one of the bigger transitions of one’s life. Gareth will debunk some of the myths around retirement. He will walk the audience through some of the key psycho-social aspects of this transition that, if proper attention is given to them, one can navigate retirement well and sail into the future with meaning, purpose, and fulfilment. It is a wonderful opportunity to reinvent yourself and reimagine retirement to make your 60s and 70s some of the happiest years of your life.

To join us for the talk, tea/coffee and a muffin, please book your table at 063 274 3743.

Dirk Groeneveld, Certified Financial Plannert. 

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New St Francis Bay Quarterly Retirement Event. 

Of All Our Lifetime Assets, Our Health Is The Greatest.

This past weekend, we took our grandson on his first camping experience. I had been looking forward to these few days with great anticipation, as being outside in nature is my favourite pastime, and sharing this with him and the rest of the family promised a special occasion.

        Of All Our Lifetime Assets                                  

Hit By A Train

The week leading up to the weekend was mildly put, HECTIC! I had seven meetings on Monday and 3 on Tuesday before flying out to Cape Town for client meetings on Wednesday,, followed by a client memorial service, then taking the 6h30 flight back to PE and heading back to St Francis Bay for four more meetings before an evening out with friends. I picked up a hint of the flu sometime in the week, so by the time Friday morning came, I felt like I had been hit by a train!

                                  Of All Our Lifetime Assets         

The result is that I was not a lot of fun over the weekend, and what was meant to be a special time became a game of survival. At 55, I have still not learned that our bodies are not machines. 

Being Fit and Healthy

When we feel ill and weak, we remember what being fit and healthy feels like. Fortunately, I know this feeling of being miserable will pass, but it got me thinking that at some point in my life, it will not be as easy to recover and feel healthy again.


Medical advances mean that we all have the ability to live longer than previous generations. Still, longevity is not worth a lot if those extra years are restricted by one’s ability to enjoy life. All the money in the world cannot buy back the result of years of unhealthy lifestyles.

Sadly, this often only hits home once the “healthy” horse has bolted. Financial health is very important for a happy and fulfilled retirement, but without physical, mental, and emotional health, we cannot live our best lives.


It’s never too late to get into the shape we need to be to live the way we want but maintaining a balance from the start can simplify the journey. It is easier to avoid getting out of shape in the first place, so by organizing our daily and weekly routines, we can ensure every aspect of our life remains in harmony.

Dirk Groeneveld, Certified Financial Plannert. 

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New St Francis Bay Quarterly Retirement Event. 

Human Achievements We Don’t Want When Investing.

Investing is like steering a ship through both calm and stormy seas. When we talk about permanent loss in a well-diversified portfolio, we’re essentially discussing the impact of our human decisions on our financial journey. Instead of seeing it as a big problem, let’s break down how our actions, both smart and not-so-smart, can lead to losses even in a well-diversified plan.

Human Achievements We Don't Want                                        

Picture your investments as a team of superheroes, each with a unique role. This team is your well-diversified portfolio, carefully put together by you. However, the decisions you make, based on your emotions, overconfidence, and sometimes just not knowing enough, can lead to losses.


One major culprit is emotions. When the financial world gets a bit crazy, feelings like fear or greed can make us act impulsively. We might sell investments when we shouldn’t or hold onto ones that are losing value. These emotional reactions, guided by human feelings, contribute to permanent losses.

Human Achievements We Don't Want

Overconfidence is another sneaky villain. We might think we’re invincible because our investments are spread out. But this confidence can make us less cautious, leading to unexpected losses.

Trying to time the market is yet another challenge. Predicting the perfect time to buy or sell is like trying to predict the weather – it’s tough. Following trends or reacting to short-term changes, driven by human instincts, can result in permanent losses.

Then there’s the need to keep learning. The financial world is complex, and not fully understanding it can lead to mistakes. It’s up to us to stay informed and adapt to the ever-changing market.

So, permanent loss in a well-diversified portfolio isn’t a flaw in the plan itself. It’s more about how our human decisions, influenced by emotions, overconfidence, and the complexities of finance, can sometimes lead to losses.


In simpler terms, it’s like being the captain of a ship. Sometimes, even with the best crew and plans, the sea gets rough, and we must navigate carefully. By understanding how our decisions impact our financial journey, we can steer towards smoother waters and continue working towards our goals. It’s all about learning, adapting, and making our financial adventure less stormy.


Dirk Groeneveld, Certified Financial Plannert. 

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New St Francis Bay Quarterly Retirement Event. 

Top 10 Retirement Mistakes

Planning for retirement can be tricky, and understanding the most common mistakes can help individuals avoid potential pitfalls. Professionals in this field have shared the top 10 things people often get wrong about planning for retirement, ranked in order of their prevalence:

  1. Underestimating the impact of inflation (49%):

A significant oversight is underestimating how inflation erodes the purchasing power of money over time. Failing to account for inflation can lead to a substantial reduction in the real value of retirement savings.

Top 10 Retirement Mistakes


  1. Underestimating how long you will live (46%):

It’s hard to predict our life expectancy. Underestimating how long you’ll live may result in outliving your savings. It’s crucial to plan for a longer retirement to ensure financial security.

  1. Overestimating investment income (42%):

Overly optimistic expectations regarding investment returns can lead to disappointment. Realistic projections are essential for developing a sustainable retirement plan.

  1. Investing too conservatively (41%):

While preserving capital is important, being overly conservative with investments may hinder wealth growth. Finding a balanced approach that considers risk tolerance and return potential is key.

  1. Setting unrealistic return expectations (40%):

Hoping for very high returns all the time can be risky. It’s better to have realistic hopes that match what’s really happening in the market. Realistic expectations contribute to a more stable and achievable retirement plan.

  1. Forgetting healthcare costs (39%):

Health expenses can escalate during retirement. Neglecting to account for potential healthcare costs may jeopardize financial stability. A comprehensive plan should incorporate healthcare considerations. Have you thought about how much healthcare might cost in your retirement?

Top 10 Retirement Mistakes

  1. Failing to understand income sources (35%):

A common mistake is not understanding where your money will come from when you retire.  This includes pensions, retirement annuities and other investments.

A clear understanding ensures better financial planning.

  1. Relying too heavily on public benefits (33%):

If you think the government will cover all your retirement needs, you will be in trouble, especially in South Africa.

  1. Underestimating real estate costs (23%):

Owning a home isn’t just about the bond. Electricity, water, rates, maintenance, and unexpected expenses should be factored into retirement planning to avoid financial strain.

  1. Investing too aggressively (21%):

On the other end of the spectrum, overly aggressive investments can expose retirees to unnecessary volatility. Striking a balance between risk and reward is essential for long-term financial security.

Being aware of these common pitfalls is the first step towards a more informed and effective retirement plan. By addressing these issues, individuals can enhance the likelihood of a secure and fulfilling retirement.


Dirk Groeneveld, Certified Financial Plannert. 

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New St Francis Bay Quarterly Retirement Event. 

The Real Cost Of Financial Advice

Navigating the intricate landscape of personal finance can be akin to a journey without a map. The real cost of financial planning advice lies not just in the fees paid for professional guidance but in the stark contrast between a well-structured plan and the potential chaos that ensues without proper advice.

Financial Planning

Consider financial planning as the compass that guides you through life’s financial decisions. The absence of guidance often results in a haphazard approach, leading to missed opportunities, unnecessary risks, and financial missteps. Without a strategic plan, individuals may find themselves grappling with debt, inadequate savings, and unplanned expenses that could have been mitigated with proper foresight.

The true cost becomes evident when contrasting the outcomes. Proper financial advice acts as a safeguard against potential pitfalls, providing a roadmap to navigate the complexities of wealth management, investments, and retirement planning. It’s the difference between a scattered approach and a systematic, well-thought-out strategy that aligns with your unique goals.

Upfront Costs

While the upfront cost of financial planning advice might seem like an expense, it pales in comparison to the potential financial havoc that can unfold in its absence. A mismanaged portfolio, poorly timed investments, or a lack of understanding of tax implications can have lasting consequences that far outweigh the initial investment in professional advice.

The 99% perfection attained with proper financial advice doesn’t just mean avoiding mistakes; it signifies the optimization of your financial resources to achieve your objectives efficiently. It involves crafting a plan that adapts to life’s changes, ensuring that your financial strategy evolves with you.

Pursuing Your Dreams

In contrast, the 100% mess that can result from the lack of guidance is characterized by financial stress, missed opportunities, and a reactive rather than proactive approach. It’s the difference between financial stability and uncertainty, between confidently pursuing your dreams and grappling with the consequences of uninformed decisions.

In essence, the real cost of financial planning advice isn’t a mere expense; it’s an investment in securing your financial future and realizing your aspirations. The value lies not just in avoiding mistakes but in proactively building a foundation for a life that aligns with your goals, values, and dreams.

Choosing to invest in proper financial advice isn’t just about avoiding pitfalls; it’s a commitment to financial empowerment, peace of mind, and the pursuit of a more secure and fulfilling future.


Dirk Groeneveld, Certified Financial Plannert. 

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New St Francis Bay Quarterly Retirement Event. 

Why Settle For An OK Life?

After more than 30 years in the financial advice business, it is clear to me that the one answer most people want the answer to is, “am I going to be okay?”

Settle For An OK Life

In the realm of financial planning, the goal is not merely to lead an okay life but to craft a plan that empowers individuals to live a truly great and fulfilling life. Real financial planning extends beyond budgeting and investment portfolios; it involves aligning your financial decisions with your unique aspirations and values.

The first step in this journey is to define what a great life means to you. It’s not a one-size-fits-all concept. For some, it might involve extensive travel, while for others, it could mean dedicating time to hobbies, philanthropy, or spending quality moments with family and friends. Understanding these personal aspirations is the foundation of real financial planning.

Settle For An OK Life

Next comes the art of balancing the present and the future. While it’s essential to save for the future, real financial planning recognizes the significance of enjoying the present moment. Allocating funds for experiences, whether it’s a dream vacation or pursuing a passion, contributes to a life rich in meaningful moments.

Settle For An OK Life

Strategic debt management is another crucial aspect. It’s not about avoiding all forms of debt but leveraging it wisely. Whether it’s a bond for a home that brings joy or an investment in education for personal growth, understanding the purpose behind borrowing is integral to real financial planning.

Settle For An OK Life

Diversification of investments goes hand in hand with crafting a resilient financial plan. Investing is a long-term game so don’t look for that “silver bullet” that will make you wealthy. Invest in what has always worked, the great companies of the world (stock market) and do so consistently. Boring is good when it comes to investing.

Real financial planning also acknowledges the significance of ongoing education. Staying informed about changes in the financial landscape, tax laws, and investment opportunities ensures that your plan evolves with you. Continuous learning equips you to make informed decisions that support your vision of a great life.

Lastly, collaboration is key. Engaging with a financial planner who understands your unique goals and values can provide valuable insights and expertise. Together, you can tailor a plan that not only safeguards your financial future but actively contributes to the realization of your aspirations.

In essence, real financial planning is a dynamic and personalized process. It’s about using your financial resources as a tool to design a life that transcends the ordinary—an extraordinary life that reflects your passions, values, and dreams. By intertwining your financial strategy with your life goals, you’re not just securing your future; you’re creating a roadmap to live a truly great life.


Dirk Groeneveld, Certified Financial Plannert. 

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