As I am to retire in about three years, I would like to know whether the following "strategy," will be the best for my R5.2 million provident fund and Rgoo ooo retirement annuity from the same company: 1. Buying an inflation-linked five-year guaranteed single-life annuity with the R5.2 million; and 2. Taking R5oo ooo as a lump sum and using R4oo ooo to buy a living annuity at the lowest drawdown of 2.5%.
I do not have a spouse, and my children are grown-ups, living independently.
Dear reader, Given your situation, where you have R5.2 million in a provident fund and R900 000 in a retirement annuity, it's commendable that you,re considering a structured approach to generating post-retirement income.
However, instead of locking up most of your funds in an inflation-linked guaranteed annuity, I suggest considering a living annuity and lump sum investment combination. This strategy can offer you greater flexibility, growth potential, and access to capital over the long term.
Why a combination?
1. Flexibility and control over investments. A living annuity provides you with control over both your income and your investment choices.
Bu hikaye The Citizen dergisinin November 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Citizen dergisinin November 22, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Drive to claw back funds
NSFAS: SIU Briefs MPs on Probe into Irregularities at Student Funding Body
Snags in Trump's refuge offer
EXPERTS: IT TAKES YEARS, REQUIRES EXTENSIVE DOCUMENTATION, PROOF OF PERSECUTION
Undoing climate progress
Flooding the zone. Muzzle velocity. Shock and awe. Blah-blah-blah. Perhaps you've heard: since his inauguration as president of the United States, Donald Trump has moved at pace, signing a deluge of executive orders, 26 of them on his first day alone.
Apartheid is long dead
Our president and his merry cadres have failed us dismally.
SA prefers bilateral US trade deal - sources
South Africa is preparing to pitch a bilateral trade agreement to the US if President Donald Trump's administration revokes the nation's preferential access to the world's biggest economy as relations between them sour, people with knowledge of the matter said.
Merino thrives as a makeshift striker
Leicester Mikel Merino (right) said his vital double in Arsenal's 2-0 win at Leicester on Saturday was a belated Valentine's Day present for his wife after he forgot to buy her a proper gift.
Matlosana graft probe
Officials being probed for corruption involving millions.
Bizos sentenced for GBV
»» Late lawyer’s son fined R1ook, ordered to do community service.
Bank on Butch for Carlisle win
Olly Murphy's Butch is expected to stamp his class on the Dalston Novices' Chase at Carlisle today.
Looking to invest R500k
OPTION: A DIVERSIFIED APPROACH IS IDEAL
