Maya and Mapalo discuss how to start building a retirement portfolio that will provide a predictable and sustainable income.
Tag - living annuity
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.
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.
Court case highlights the lack of rights for spousal claims when it comes to a living annuity.
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
When we look at our retirement fund value as a lump sum it seems like so much money – until you realise that it represents your entire future income.
For most people, cost is a primary consideration in almost every purchase decision. Except, it seems, when it comes to critical financial decisions, such as buying a savings or investment product. Many South African retirement investors therefore also overlook the fees on their living annuity, or rather, the impact these fees will have on the...