Should You REALLY Be Investing In A Retirement Annuity In South Africa?

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So you’ve heard about RA’s, aka Retirement Annuities, and you know that they are highly recommended by financial advisors to invest in in order to make sure you can retire comfortably. But is a RA really a good option? What exactly is lurking underneath the glamorous “Tax Savings” that gets promoted everywhere?

Retirement annuities in South Africa have quickly become one of the most controversial topics, especially amongst the more experienced investors. So in today’s video, I am going to break open and analyze exactly what the benefits and concerns of a RA are, and at the end, I will give you my personal verdict and recommendation on whether or not you should consider investing in a RA based on my own conclusion.

So if you want to start investing in a RA or if you are already invested in one but you are unsure if you should continue, then make sure to watch this video all the way to the end so that you can make your own, unbiased, informed decision. And by the way, when I talk about Retirement Annuities in this video, I am also talking about pension and provident funds, as they are all essentially the same thing. Okay, so let’s klap it!

Youtube Chapters:

00:00 Introduction
01:31 Benefits of a Retirement Annuity in South Africa
01:45 Benefit 1
03:09 Benefit 2
03:50 Benefit 3
04:08 Benefit 4
05:30 Benefit 5
07:33 Benefit 6
08:36 Drawbacks of a Retirement Annuity in South Africa
08:45 Drawback 1
11:08 Drawback 2
12:28 Drawback 3
13:22 Drawback 4
13:55 Final Verdict

Here are the links to the articles mentioned in this video:

Tax savings on lower-income calculation: https://bit.ly/3v1CcBZ
Retirement Annuity calculator: https://www.mymoneytree.co.za/ra

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My name is Dr. Pieter Marx de Villiers, and I'm a Veterinarian turned Financial Advisor from South Africa who aims to retire by the age of 35. Follow me in my journey towards Financial Freedom in (hopefully) just 10 years! :)

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Whilst I am a Registered Financial Advisor under the FSCA as of June 2023, the content on this YouTube Channel and all of my other Social Media Platforms are for Educational Purposes only and should not be taken for Financial Advice. You and only you are responsible for your financial decisions and must therefore conduct your own research and seek the advice of a licensed Financial Advisor where necessary.

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