Bad advice resulted in my capital being eroded in year 1 and 2 and 3 years. Now I am taking action to get sound financial advice and move my Living Annuity to preserve my capital. I cannot change the past, the future is not guaranteed, however making good choices now will make a positive difference in my Living Annuity going forward into the future to preserve capital. Thank you Dhevan, well explained, good lesson when you burnt your fingers.
@Peru, It’s important to know where you went wrong so you can avoid finding yourself in the same position again. I’ll help guide you more during your private consults.
are you saying that a living annuity is the only option for us or r there more options i would like to see whats available and then choose best vehicle to invest
@Naipaul, this is one of your most important decisions because it sets the foundation for your resignation. You want to go with the option that best suits your goals. I’ll cover this during our private consults
Bad advice resulted in my capital being eroded in year 1 and 2 and 3 years. Now I am taking action to get sound financial advice and move my Living Annuity to preserve my capital. I cannot change the past, the future is not guaranteed, however making good choices now will make a positive difference in my Living Annuity going forward into the future to preserve capital.
Thank you Dhevan, well explained, good lesson when you burnt your fingers.
@Peru, It’s important to know where you went wrong so you can avoid finding yourself in the same position again.
I’ll help guide you more during your private consults.
Sounds great... wondering, though, who should NOT take out an annuity...
@Sonja, typically this is not suitable for someone who is not disciplined. It’s also situational dependent
are you saying that a living annuity is the only option for us or r there more options i would like to see whats available and then choose best vehicle to invest
@Naipaul, this is one of your most important decisions because it sets the foundation for your resignation. You want to go with the option that best suits your goals. I’ll cover this during our private consults
Helo Dheven
What is the period of the living annuity.
@Shireen, the living annuity ends when you pass away
Do I need a lump sum to purchase a living wage
@Thamsanqa, yes. This lump sum would be from a pension fund, provident fund, preservation fund or retirement annuity.
my retirement Annuity is maturing so i must use it to start with the living wage model to sustain me when i finally resign from my work place
@michaelnkosi7305 Review your options carefully as this decision has tax implications that cannot be reversed
@@DhevanNaicker So how do i go about it for me to cut on tax and be able to establish the living wage
@michaelnkosi7305 You will need a professional financial planner to help you with this