Investigating annuities that will fund your retirement
Choosing the appropriate annuity is not a decision to be taken lightly
When you start getting closer to retirement, thinking about how you're going to survive is crucial, and choosing the appropriate annuity is not a decision to take lightly. There are several factors to consider when you make your decision on which annuity option best suits your needs, bearing in mind that what you think will happen as opposed to what will actually happen could be two different things. When you retire, you'll need to know where to invest your retirement savings and which product will provide the best security for your lifestyle. Living annuities are usually best for people with more money to invest - anything above R2-million. With a living annuity you also have the option to decide where and how your money is invested. This gives you some autonomy in determining what to invest in, and the risks that come with it. And risk is particularly important because - depending where your money is invested - you need to be aware of the implications of market movements, interest...
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