slappy1402
New member
Hi, hope y'all are good.
I'm kinda in a pickle here been saving up for retirement and all is within fruition. Problem is the possible choices I have a rather dim to say the least.
So, I was given the following options considering the economy is quite terrible at the moment heading to a possible downhill
I have the following options
Fund proposed pension options
Full pension with growth
*R2 232.89 per month
Invest your full benefit of R450000 in an annuity which generates an income that grows at the rate of inflation each year
2
Lump sum and pension with growth
*R1 482.94 per month
Take one-third (R150000) of your benefit in cash Invest two-thirds of your benefit (R300000) in an annuity which generates an income that grows at the rate of inflation each year
3
Full pension with growth
• *R2 299.61 per month
• Invest your full benefit of R450000 in an annuity which generates an income that grows at 7.0% each year
4
Full pension without growth
• *R3 915.81 per month
• Invest your full benefit of R450000 in an annuity which generates an income that does not grow at all each year
5
Lump sum and pension with growth
• *R1 527.40 per month
• Take one-third (R150000) of your
benefit in cash
• Invest two-thirds of your benefit (R300000) in an annuity which generates an income that grows
at 7.0% each year
6
Lump sum and pension without growth
• *R2 604.39 per month
• Take one-third (R150000) of your benefit in cash
• Invest two-thirds of your benefit (R300000) in an annuity which generates an income that does not grow at all each year
I'm kinda in a pickle here been saving up for retirement and all is within fruition. Problem is the possible choices I have a rather dim to say the least.
So, I was given the following options considering the economy is quite terrible at the moment heading to a possible downhill
I have the following options
Fund proposed pension options
Full pension with growth
*R2 232.89 per month
Invest your full benefit of R450000 in an annuity which generates an income that grows at the rate of inflation each year
2
Lump sum and pension with growth
*R1 482.94 per month
Take one-third (R150000) of your benefit in cash Invest two-thirds of your benefit (R300000) in an annuity which generates an income that grows at the rate of inflation each year
3
Full pension with growth
• *R2 299.61 per month
• Invest your full benefit of R450000 in an annuity which generates an income that grows at 7.0% each year
4
Full pension without growth
• *R3 915.81 per month
• Invest your full benefit of R450000 in an annuity which generates an income that does not grow at all each year
5
Lump sum and pension with growth
• *R1 527.40 per month
• Take one-third (R150000) of your
benefit in cash
• Invest two-thirds of your benefit (R300000) in an annuity which generates an income that grows
at 7.0% each year
6
Lump sum and pension without growth
• *R2 604.39 per month
• Take one-third (R150000) of your benefit in cash
• Invest two-thirds of your benefit (R300000) in an annuity which generates an income that does not grow at all each year