Jacobus has been one of our longest-standing clients. He retired a few years ago at age 67 and was an engineer in Cape Town. Jacobus' biggest concern was making his retirement savings last his lifetime.
Jacobus was initially unsure how to best manage his retirement funds. He wanted the flexibility of a living annuity but was also concerned about outliving his savings, a risk mitigated by a life annuity.
We worked closely with Jacobus to understand his retirement goals and financial situation. Our solution was a balanced approach: part of his retirement savings was allocated to a living annuity, providing flexibility and potential for growth, while the rest was secured in a life annuity, guaranteeing a steady income for life.
Jacobus now enjoys the best of both worlds - he has a steady income from the life annuity, ensuring his basic expenses are always covered, and the living annuity provides him with additional income that can be adjusted according to his needs and market conditions.
"I've been with Fabio since I moved to Cape Town in 2017. Retiring was a big step, and my main worry was stretching my savings throughout my retirement. Fabio came up with a plan that mixed the flexibility of a living annuity with the security of a life annuity. It has given me a reliable income for life and extra cash that adapts with my lifestyle. It's a strategy that truly fits my life, giving me the freedom to enjoy retirement without financial stress."