Retirement annuities ( RAs) are effectively forced savings accounts You are contractually bound until you are at least 55 when you are allowed to cash them in. ( actually you can only cash in 1/3 rd of your money) and the rest you have to ( by law) reinvest in a living annuity/pension. RAs also approximately keep up with inflation - my advise os if you want to save, then rather open a savings account, at least you will have access to your funds if you need them . Buy to let property investment functions like this, you buy a property with somebody else's money (the bank's money) and install a tenant who pays off your property for you. Where else can you invest entirely with other people's money???? #propertyinvestment #pension #retirementplanning... ( read more )
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RA (Retire...
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