Retirement can be associated with a loss of position and authority as working lives end and the younger generation takes the wheel. But, says Michael Rossouw, Senior Investment Consultant at 10X Investments, retirees have agency over a number of key factors when it comes to making their savings.
Few retirees realise that the fees they pay on their living annuity could well be their single biggest expense in retirement, says Michael Rossouw, Senior investment Consultant at 10X Investments: “a 2% fee, for example, on a R5 million annuity amounts to more than R8,000 per month”.
This month South Africans were issued with a stark warning about their personal financial futures with the release of the 10X Investments South African…