Best retirement annuity

supersunbird said:
What will the premium per month be at say age 55 at 10% per year?
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If he's 40 now, then R10,400-odd.

@I.am.Sam no annual escalation is pure compound interest. The interest is boosting the capital to earn further interest on.

With annual escalation it's growth on your interest + higher payments. The higher payments adds an extra boost to the capital to earn interest from.

If you're like Cyril and stuff it in your couch, you only get R600k at today's value. If you factor in just inflation, it should be worth R1.6m in 20 years. Which means you're actually losing 2.5x of your money...
 
Mike Hoxbig said:
If he's 40 now, then R10,400-odd.

@I.am.Sam no annual escalation is pure compound interest. The interest is boosting the capital to earn further interest on.

With annual escalation it's growth on your interest + higher payments. The higher payments adds an extra boost to the capital to earn interest from.

If you're like Cyril and stuff it in your couch, you only get R600k at today's value. If you factor in just inflation, it should be worth R1.6m in 20 years. Which means you're actually losing 2.5x of your money...
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so the 4-6m is actually around 1.6m in todays money

dont make me so old ..i got another 3 and half years before 40
 
I.am.Sam said:
so the 4-6m is actually around 1.6m in todays money

dont make me so old ..i got another 3 and half years before 40
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R4m would be around R1.5m in today's money, R6m would be around R2.26m. If inflation averages out to 5% over the next 20 years...
 
Silver is up 83% over the last 10 years, 100% over the last 5, and 31% over the last one.

So I'll just keep buying physical silver and stuff that in my sofa so the government doesn't know about it and therefore they won't be able to steal any of it.
 
First max out your annual interest allowance of R23 800 by buying SA Retail savings bonds at 10.5% or a bank fixed deposit of similar %. Then max out your R36 000 Tax Free Savings Account allowance per year and use it to purchase S&P500 and MSCI World ETFs. Then look at an RA with a non-Life insurance company and max out your offshore 40% allowance for the funds you choose.
 
Gaz{M} said:
First max out your annual interest allowance of R23 800 by buying SA Retail savings bonds at 10.5% or a bank fixed deposit of similar %. Then max out your R36 000 Tax Free Savings Account allowance per year and use it to purchase S&P500 and MSCI World ETFs. Then look at an RA with a non-Life insurance company and max out your offshore 40% allowance for the funds you choose.
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How much would you need to save in SA Retail savings bonds to get (or near) R23 800 of interest?
 
junines said:
Research and compare different RA providers and platforms in South Africa. Look at well-known financial institutions, banks, investment companies, and online platforms that offer RAs. Consider factors such as fees, investment options, customer service, and user-friendliness of their platforms.
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Or save your time and just go with Sygnia or 10x.
 
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