Retirement annuities and investment what to do

Investing in your retirement is very important. This will allow you to live a comfortable lifestyle on retirement. Choosing the right policies can be confusing. There are many companies that will be able to assist you with the right information in order for you to make an informed decision.

Retirement should not be regarded as a point in time but rather as a period over which transition is made from living off earnings to living off savings. When you cannot work in old age, your money will be working for you.

You must start early enough, and you must save enough. If you leave off starting to save for retirement from 30 years before to 10 years before, you will have to put away 10 times as much each month.

Take retirement savings seriously and do more than your parents and grandparents did.

List companies and contact details

Old Mutual Website address:     

Discovery Website address:       

Sanlam Website address:                                                

Contact number: 0860 388 873

Contact number: 0860 67 57 77

Contact number: 0860 726 526

You will usually be assigned a broker that will explain the whole procedure to you. Always ask questions if you are unsure about the products offered, fees charged, commissions taken and early withdrawal fees.

Your broker should explain everything to you clearly and you have the right to change funds if applicable and to request any information pertaining to your policy. They are paid to assist you so do not be shy to ask them questions if you are unsure.

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