Wednesday 19 May 2021
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dailymaverick - 1 month ago

OPINIONISTA: The Financial Wellness Coach: Discretionary investment plan can solve several problems for pensioners

Question: I am 75 and my husband is 80. We have been using our savings in fixed deposits to provide us with an income. These fixed deposits are coming up for renewal this month. The income we can get is almost half of what we were receiving before. We cannot commit to a five-year fixed deposit where the rates are better than the 4% on offer. In an earlier article you spoke about a discretionary income plan. Would you recommend that we invest our money here? My fixed deposit is worth R1.3-million and my husband has R900,000.


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