Retirement Income
Retirement is a fact of life.
Retirement income products can offer you an income for life.
The answer is to start planning for your retirement as soon as possible. There are two primary stages to consider when developing your plan:
- Retirement Funding: the accumulation of capital and assets to support a comfortable retirement.
- Retirement Income: identifying the correct product and asset mix to generate a retirement income to meet your post-retirement needs.
Why plan for retirement?
Simply saving your money in a bank account is not enough because inflation will erode the buying power of your cash. You need to find a way to ensure that you expose your money to the growth potential inherent in the markets in order to secure your future financial stability.
Advice
Because planning for your retirement is key to your future security, access to the best information and practical advice is invaluable.
We therefore encourage you to contact your Old Mutual financial adviser or your broker to help you structure and maintain your personalised retirement plan.
Your adviser will conduct a regular assessment of your changing financial circumstances and help you to ensure that your investment plan remains on track to deliver in line with your personal financial goals.
Retirement Income
When you retire from a retirement fund such as a pension fund or retirement annuity, you need to buy a living or life annuity that will provide you with an income during your retirement years.
Old Mutual's selection of retirement income products includes:
Fairbairn Capital Retirement Income Plan
The Fairbairn Capital Retirement Income Plan allows you to structure your retirement benefit into a market-linked income for life. As a flexible, market-linked annuity, this product enables you to adapt your income on an annual basis, balancing cash needs and tax efficiency.
Retirement Income Plan Namibia (previously Namibia Underwritten Life Annuity Plan)
The Old Mutual Namibia Underwritten Life Annuity allows you to structure your retirement benefit into a market-linked income for life. As a flexible, market-linked annuity, this product enables you to adapt your income on an annual basis, balancing cash needs and tax efficiency.
Investment Frontiers Retirement Income Portfolio
The Investment Frontiers Retirement Income Portfolio allows you to structure your retirement benefit into a tax-efficient investment to suit your specific income needs.
Max Income
Depending on your post retirement income needs, Max Income – a groundbreaking income-generating product from Old Mutual, is a market leading income solution which is both simple to understand and yet flexible enough to be customised to fulfil your individual needs.