Right investment option will meet needs

2019-03-27 06:01
Dinash Pillay

Dinash Pillay

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

If you are a public servant considering early retirement, you will either receive a lump sum if you have less than ten years’ service, or a lump sum as well as a monthly pension if you have more than ten years’ service. the case of those with more than 10 years’ service, you’ll receive.

In this article, we will discuss how you can meet your monthly income needs – whether that be with a guaranteed income, or an income to top up the monthly pension that you will receive.

To meet your individual needs, it is important to invest your lump sum in the best possible way.

You need a guaranteed income:A life annuity provides a guaranteed income for the rest of your life. You can choose a single life annuity, or a joint life annuity if you wish to have an income paid to your spouse after your death.

You could also opt for an inflation-linked life annuity, where the income will be adjusted annually, in line with inflation, for the rest of your life.

You need to top up your monthly pension: The above-mentioned life annuity options are also avail­able in this instance.

Alternatively, if you have the appetite to invest in the market, you can opt for an investment plan.

This will give you market, or equity, exposure tailored to your tolerance for risky or growth assets.

You could invest your lump sum in collective investments (unit trusts), wrap funds or even a share portfolio.

There is no fixed investment term and you can add amounts to the investment plan at any time. You can also draw a regular income from the investment plan.

Advice is critical:With such a wide variety of options to select from, it is important to consult with a qualified financial planner who can provide objective advice, related to your particular situation.

In many cases, combining different retirement income products may produce a better outcome.

This is another reason why obtaining advice is so important.

Find out more:Jenwil BlueStar Financial Advisory Services and Express will host a conference in Bloemfontein on 10 April to help demystify this very topic. I will be the guest speaker on the day, and will highlight the benefits of the various solutions discussed in this article.

Attendance is free of charge, but booking is essential.

For more detail or to book, call Heather van Niekerk on 051-447-0463, or send an email to office@jenwil.co.za. – Dinash Pillay, National Business Development Manager, Glacier by Sanlam

NEXT ON NEWS24X

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

 
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.