Options for investment by retirees

Options for investment by retirees

1.      Independent pension plans with income draw-down or lifelong annuity payments

2.      Wealth Management Funds at 9% daily compounded interest (taxable)

3.      Unit trusts at 8% daily compounded interest (taxable)

4.      Unit linked life policies at 13.7% interest (Tax free) for a lockdown period of 36 months

5.      Term Life insurance for those below 65 years

6.      Offshore investments in USD

7.      Forex trading

Cr  Cryptocurrency hedging or mining

8.      

O   The author, Dr Melvin D’lima is a writer, speaker and authority on money matters for small business owners and professionals in private practice. He is a Financial advisor at Britam.