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.
Tag - life annuity
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.
When we look at our retirement funding as a lump sum it may seem like a lot of money – until you realise that it represents your entire future income.
The financial industry is coming to the realisation that retirement, in the way that we currently understand the concept, is no longer feasible.
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
Recent innovations around retirement products address the issue of how to leave a legacy while still guaranteeing your income in retirement. People generally have two fears when it comes to retirement: firstly, whether they will have sufficient income in retirement, and secondly, what would happen to their retirement money should they die in early...
Can a with-profit annuity – which is technically a hybrid between a living annuity and a life annuity – beat inflation in the long term?