One of the classic dilemmas people who have retired abroad face is how to structure and manage their living annuities back home in South Africa. You cannot externalise a living annuity unless it is below a certain value.
There is a strong argument for abolishing the concept of retirement and thinking instead of finding a different kind of work to keep ourselves mentally and physically fit, highlights the Financial Times.
Saving for retirement is many investors’ primary financial goal and supporting retired people is a major cost for most governments and many companies. But a growing body of evidence from all quarters suggests that our approach to saving for retirement just isn’t working.