There are two main options when it comes to purchasing an annuity income: a guaranteed life annuity or a living annuity.
Tag - 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...
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?