We’re not suggesting for you to down tools and put up your feet just yet, but rather to think about your quality of life when in retirement. Ask yourself the question: “Will my retirement savings afford my basic living expenses?”
If living abroad, with retirement investments in South Africa, now is a good time to be pro-active about retirement planning. When looking at the Rand’s recent performance one should guard against treating these investments as orphans and leaving them to depreciate. You can only end up with a smaller capital base to retire on than what you expected.
Whether you’re holding a retirement annuity, a preservation fund or a living annuity in South Africa you’re now able to move the proceeds of these funds to your new home country to put to use in local currency.
Use this money to pay off your mortgage, fund children’s education fees, put into an investment property or local retirement product. No matter what you do, you need to ensure you preserve your retirement savings.
finglobal.com is a registered financial services provider who has assisted thousands of South African expats to successfully transfer their retirement and other investments to more than 105 countries. Secure. Cost effective. Quick.
The sooner you start thinking about a stress free retirement the better. To get an assessment on your annuities’ current values let us give you a call.