We all get the same 24 hours in a day. What is important is how you use the time. Regardless of where you are in your career, the reality is – we all want to enjoy a comfortable retirement one day. Investing in a retirement annuity can help you achieve that. You can benefit from tax savings on your taxable income by contributing up to a maximum of 27.5% of your total taxable income/remuneration (capped at R350 000 p.a.) to a retirement investment product like an RA. Other benefits to investing in an RA include tax-free growth and protection from creditors. You can turn things around and break free from the norm with a Retirement Annuity. Make this your tax-season to be FUTURE READY with PSG. Visit to find out more....(read more)
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As tax season rolls around, it's crucial to start thinking about your retirement plans. One option that you should consider is a retirement annuity. This financial product can provide you with a steady income stream during your golden years and help you stay financially secure. And when it comes to retirement planning, PSG is the name that you can trust. So, why should you consider a retirement annuity? Let's break it down. Tax Benefits: One of the significant advantages of a retirement annuity is the tax benefits it offers. Contributions made towards the annuity are tax-deductible up to certain limits, thereby reducing your taxable income. This can result in significant tax savings, especially during your higher income years. Furthermore, the money invested grows tax-free, allowing your retirement savings to accumulate more rapidly. Flexible Contributions: Another attractive feature of retirement annuities is the flexibility they offer when it comes to contributions. You can choose to make regular or ad hoc payments, meaning you have control over how much and when to invest. This level of flexibility allows you to adapt your contributions according to your financial situation, ensuring that you can still save for retirement even during uncertain times. Investment Growth: A retirement annuity allows you to invest your contributions in a variety of asset classes, such as bonds, stocks, and cash. This provides an opportunity for your retirement savings to grow over time. PSG offers a wide range of investment options and expert advice to help you make educated decisions that align with your risk tolerance and investment goals. Guaranteed Income: One of the key benefits of a retirement annuity is the ability to convert your accumulated savings into a stable income stream during retirement. You have the option to choose between a fixed annuity, where you receive a predetermined amount each month, or a variable annuity, where the income fluctuates based on market performance. This gives you peace of mind, knowing that you have a guaranteed source of income, regardless of market conditions. Estate Planning: Retirement annuities also come with estate planning benefits. In the unfortunate event of your passing, the annuity can be structured to provide for your loved ones. This means that your spouse or beneficiaries can continue to receive regular income even after you're gone. This feature ensures that your family is financially protected, reinforcing the importance of a retirement annuity in your overall financial plan. It's never too early to start planning for your retirement, and PSG is your partner in making this tax season the time to get future ready. With their expertise and knowledge, they can guide you towards the right retirement annuity options that suit your unique needs and goals. Take control of your financial future and enjoy your retirement years with confidence. https://inflationprotection.org/why-should-you-consider-a-retirement-annuity-prepare-for-the-future-during-tax-season-with-psg/?feed_id=121885&_unique_id=64c3fb9929d07 #Inflation #Retirement #GoldIRA #Wealth #Investing #financialadvice #FinancialServices #PSG #psgfinancialservices #savings #RetirementAnnuity #financialadvice #FinancialServices #PSG #psgfinancialservices #savings
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