So you’ve heard about RA’s, aka Retirement Annuities, and you know that they are highly recommended by financial advisors to invest in in order to make sure you can retire comfortably. But is a RA really a good option? What exactly is lurking underneath the glamorous “Tax Savings” that gets promoted everywhere?
Retirement annuities in South Africa have quickly become one of the most controversial topics, especially amongst the more experienced investors. So in today’s video, I am going to break open and analyze exactly what the benefits and concerns of a RA are, and at the end, I will give you my personal verdict and recommendation on whether or not you should consider investing in a RA based on my own conclusion.
So if you want to start investing in a RA or if you are already invested in one but you are unsure if you should continue, then make sure to watch this video all the way to the end so that you can make your own, unbiased, informed decision. And by the way, when I talk about Retirement Annuities in this video, I am also talking about pension and provident funds, as they are all essentially the same thing. Okay, so let’s klap it!
01:31 Benefits of a Retirement Annuity in South Africa
01:45 Benefit 1
03:09 Benefit 2
03:50 Benefit 3
04:08 Benefit 4
05:30 Benefit 5
07:33 Benefit 6
08:36 Drawbacks of a Retirement Annuity in South Africa
08:45 Drawback 1
11:08 Drawback 2
12:28 Drawback 3
13:22 Drawback 4
13:55 Final Verdict
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Who am I? My name is Pieter Marx de Villiers and I’m just an ordinary guy from South Africa who aims to retire by the age of 35 years. Follow me in my journey towards Financial Freedom in (hopefully) just a 10 year period! 🙂
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