There are two main options when it comes to purchasing an annuity income: a guaranteed life annuity or a living annuity.
Category - Retirement
In his budget address on 20 February 2019, Finance Minister Tito Mboweni announced an early retirement scheme for public servants whereby members of the GEPF could take early retirement from the fund without penalties.
What happens when you move your existing RA to another provider on the advice of a financial adviser but the exercise ends up costing you money?
One of the great frustrations for retirees is the fact that they usually pay tax on their retirement income despite having paid tax during their working lives.
If you have been diagnosed with breast cancer, you may qualify for a higher income in retirement.
History repeatedly shows us that markets recover from bad periods and that investors who ride out the tough times tend to do much better than those who sell out of the market.
Does it not seem a little odd that you don’t feel you can discuss your concerns about your finances with your trusted financial adviser?
What Retirement Benefits Counselling would mean to retirement fund members and the financial advice industry.
Forget retirement and start thinking out of the box!
Why not skip the chocolates, bubble bath and flowers on Mother’s Day this year and give your mother something really meaningful?
The financial industry is coming to the realisation that retirement, in the way that we currently understand the concept, is no longer feasible.
The GEPF has announced some changes, including how a member’s pension is treated on divorce, and when a child qualifies for their parent’s pension.
Retirees who have been relying on market-related investment returns to provide for their retirement income have had a pretty tough ride over the last three years.
Finding a balance between market returns and a guaranteed income in retirement