Need some finance advice

[zerocool2009]

Debt has all been paid off. Initial OP situation is dealt

If you dont need the money, invest it, and forget about it!

 

[Waffl3s]

There are two reason why you should leave the money where it is.
1. If you take half you have to pay tax on it which means in the end you lose 25 to 35% of the money immediately
2. If you leave it there, it will grow. I had R120 000 in a preservation fund grow to R1.7 million over a 21 year period

Mind sharing where you put your money? After speaking to the company it seems the funds will need to be put into an Annuity of some sort, can't put it in a preservation fund.

 

[Waffl3s]

If you dont need the money, invest it, and forget about it!

Would like to invest it as the Annuity does not seem to be the best fit for my situation. Open to having my mind changed

 

[Stonemason]

Mind sharing where you put your money? After speaking to the company it seems the funds will need to be put into an Annuity of some sort, can't put it in a preservation fund.

A preservation fund and a annuity is basically the same thing. Just do not draw any money from it for the next 25 years. Try to find a financial advisor to help you make the right decision.