Account based pension or annuity – which income stream is better
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Account based pension or annuity
Account based pension or annuity – which income stream is better?
What is the difference between account-based pension and annuity, and which one is better?
Once retired most people will need to start drawing income from their savings, and as mentioned before, superannuation most likely will be the biggest investment you have outside of your family home.
So now you will need to decide what to do with your superannuation savings and how to be provided with the best income level for your needs.
And it is not as easy as one might think, as there are many ways to skin the cat, and you need to find that one way that is just perfect for you.
And because we are all different in every possible way, your way could be completely different to the way savings are set up for you friends, neighbours or other family members.
Let’s go over the main features of each income stream:
How long will your income last?
How is money invested?
Can I access my savings?
What happens to my money if I die?
Can I start the income stream with my private money?
What is the treatment of the income stream for Age Pension?
VIDEO MENTIONED:
Accumulation and Pension Phase of superannuation Accumulation and Pension Phase of sup...
Account Based Pensions Account based pensions
Annuities and your retirement Annuities and your Retirement
To download the book 12 PRINCIPLES OF INVESTING:
https://ebook.aboutretirement.com.au/...
Contact details:
Katherine Isbrandt of About Retirement
Website: https://aboutretirement.com.au/
Email: [email protected]
Or connect with me:
https://www.facebook.com/katherineisb...
LinkedIn: katherineisbrandt
Instagram: katherineisbrandt
https://www.pinterest.com.au/katherin...
FSG: https://aboutretirement.com.au/wp-con...
My Adviser Profile: https://aboutretirement.com.au/wp-con...
#KatherineIsbrandt #Aboutretirement #AccountBasedPensionOrAnnuity
What is the difference between account-based pension and annuity, and which one is better?
Once retired most people will need to start drawing income from their savings, and as mentioned before, superannuation most likely will be the biggest investment you have outside of your family home.
So now you will need to decide what to do with your superannuation savings and how to be provided with the best income level for your needs.
And it is not as easy as one might think, as there are many ways to skin the cat, and you need to find that one way that is just perfect for you.
And because we are all different in every possible way, your way could be completely different to the way savings are set up for you friends, neighbours or other family members.
Let’s go over the main features of each income stream:
How long will your income last?
How is money invested?
Can I access my savings?
What happens to my money if I die?
Can I start the income stream with my private money?
What is the treatment of the income stream for Age Pension?
VIDEO MENTIONED:
Accumulation and Pension Phase of superannuation Accumulation and Pension Phase of sup...
Account Based Pensions Account based pensions
Annuities and your retirement Annuities and your Retirement
To download the book 12 PRINCIPLES OF INVESTING:
https://ebook.aboutretirement.com.au/...
Contact details:
Katherine Isbrandt of About Retirement
Website: https://aboutretirement.com.au/
Email: [email protected]
Or connect with me:
https://www.facebook.com/katherineisb...
LinkedIn: katherineisbrandt
Instagram: katherineisbrandt
https://www.pinterest.com.au/katherin...
FSG: https://aboutretirement.com.au/wp-con...
My Adviser Profile: https://aboutretirement.com.au/wp-con...
#KatherineIsbrandt #Aboutretirement #AccountBasedPensionOrAnnuity
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