Where should a pensioner invest R1m to receive a R20k monthly income? - Moneyweb

From a pure income perspective, a voluntary life annuity does appear to be the best option.

Thank you for your question. Drawing R20 000 of income per month from a capital amount of R1 million is a very high drawdown rate that will result in capital erosion over time. However, there are op… [+1794 chars]

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