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oes Fedgroup think differently about preserving and growing wealth for their clients? Perhaps their position as one of the largest beekeepers in the country answers that question. In this show, Michael Field (General Manager: Investments) joined me to unpack the way Fedgroup thinks about investing.

In the savings and investment environment, Tax-Free Savings Accounts (TFSAs) stand out as both a beacon of potential and a puzzle of misconceptions. A common misconception is that TFSAs are only for short-term savings due to their accessibility. However, the true power of TFSAs lies in their potential for tax-free growth over the long-term. Nomzamo Manqele, an astute investment specialist and wealth advisor at Fedgroup, makes a pertinent point by saying: “Access to funds in long-term savings products are usually restricted until retirement age, but with TFSAs, people have access to their savings within seven days. This might create an impression that TFSAs are short-term savings products when in fact, they should be grouped with long-term savings.”