How to stop your living annuity coming to an end before you do

Retirees make mistake of adjusting income drawdown to inflation not to investment returns.

Many retirees are attracted to living annuities as an option once they retire. Living annuities have many advantages: they offer flexibility of investment choice, you choose how much income you want to draw within certain limits, and your investment can be bequeathed to your beneficiaries on your passing.

However, they offer no longevity protection, and it is not uncommon to read about living annuitants being left destitute and having to rely on the government or family for an income in their old age.

Proceed to Source : BusinessLive

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