Sooner rather than later. Here’s what you need to know: With any financial obligation, it is always advised to get it started or completed sooner rather than later. For South Africans, the number of those who will be able to maintain their standard of living is low. Research shows the estimation of 6-25% of...
Tag: annuities
Living annuity vs life annuity
Once you opt to retire from a retirement savings product, two-thirds of your funds need to be invested into a living or life annuity. If you have reached retirement (55), the time to draw an income from your retirement savings is now. People who have retired have two options, to purchase either a life...