The recent market crash highlights the need to do proper financial planning prior to retirement and to make sure you are invested in the appropriate funds to manage market volatility.
Tag - guaranteed annuity
If you are a member of a pension fund or have a retirement annuity, two-thirds of your final retirement amount must be used to purchase a retirement income.
A retirement annuity is a great, tax-efficient way to save for your retirement, but they do come with certain rules.
There are two main options when it comes to purchasing an annuity income: a guaranteed life annuity or a living annuity.
If you have been diagnosed with breast cancer, you may qualify for a higher income in retirement.
The financial industry is coming to the realisation that retirement, in the way that we currently understand the concept, is no longer feasible.