PERSONAL FINANCE
SIMON BROWN: When to buy the farm
There’s more than one way to set yourself up to earn income in your retirement — but it will take some lateral thinking
Recently a reader called me to explain their unique approach to retirement. Rather than the usual buying of an annuity or managing of a stock portfolio for income, they’d bought a farm in the Eastern Cape.
I know — a farm? Sounds crazy, but after hearing the person out it seems ideal to me. The thing is, it’s not a giant farm, they keep it simple and need fairly limited income to live on as they have a house on the farm, drive an old bakkie, grow vegetables and can eat the livestock. It also helps, I suspect, in providing something to do, as many retirees grapple with having no job or structure to their day...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
This article is free to read if you sign up or sign in.
If you have already registered or subscribed, please sign in to continue.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.