Today Warren Ingram answers your questions about pension funds and what the best way forward is for a Living Annuity vs a Guaranteed Annuity. Warren also touches on investing, is it better than a savings account in terms of fixed interest or should you be watching your investments and withdrawing your money as soon as it’s on the increase?
- Advice for pensioners, I would like to know how much i should allocate towards equities, would 100 minus your age be a good equity allocation and the rest in bond? Also, what percentage of equity allocation should be in foreign currency assuming a large portion of bonds is local? Furthermore, the current volatile markets highlight the need to not have all my income in a living annuity, but invest in a guaranteed annuity, given the current high CPI would it be best to wait for markets to improve and hopefully the CPI decreases?
- I’ve recently opened up an Easy Equities account and I’ve seen my investments increase here and there. How does this work versus a savings account as we get a fixed investment on a normal savings account? Should I be watching my investments and taking my money out when it’s on an increase?
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