Category: Retirement

So, what happens if we combine the two factors…? The aim here is to show the impact of fees together with the investment portfolio you are invested in and how these two factors combine to give you either a poor or great outcome at retirement. Let’s take Mr X again, however, for the last discussion, we have the following three scenarios: Based on the above factors, the outcome is illustrated below: Using the above information, the […]

If you haven’t read the previous blog on investment strategy, please click here to read it now. In this blog, we tackle the fees of a retirement annuity and what impact they have on your retirement journey. Let’s use Mr X as an example, to understand the impact of fees, then the impact of the investment strategy, and then a combination of the two. In the first example, Mr X has the following factors influencing his […]

In our previous few articles on retirement annuities, we offered a better understanding of how these products should be used to accumulate assets for old age. Whether you retire the old traditional style, or whether you are hip and happening, and would like to explore a different way of “retiring”, one thing you cannot escape is the need to build an asset for old age. (Interested in reading more about retirement annuities, how they work and […]

PART THREE – How to select a retirement annuity… Firstly, I would advise you to speak to a registered independent financial advisor when looking at investing in a retirement annuity.  Once you have an independent financial advisor in place, pay attention to the following when looking at a retirement annuity: What fees are you paying? Every service provider in this space must provide you with a breakdown of costs… below is an example of this breakdown: […]

PART TWO – Retirement annuities, benefits and why you need them… In general, there are many different investment vehicles to use to invest for retirement including pension and provident funds, Tax Free Savings Accounts etc., however I’m going to focus my discussion on retirement annuities, and why retirement annuities should form part of your financial war chest. Let’s start with, what is a retirement annuity? It’s a specialised investment vehicle used by individuals to save for […]

PART ONE – Ways in which we retire… know your end destination! The retirement landscape has changed drastically since the early Roman Empire times… which some of the services providers haven’t reflected in their fees… sssshhhh It means that every person has a different idea of how they want to get to retirement. The graph below gives you an understanding of the different ways you can go into retirement. Traditional retirement Traditional retirement is broken into […]