3 June 2020
Roenica Tyson, Investment Product Manager at Glacier by Sanlam, reminds us why these products have increased in popularity and why you should probably consider having one in your investment portfolio.
An RA offers flexibility in terms of who you can invest with and the investment choices you can make with the help of your financial adviser. That means you can decide if and when you want to invest in an RA, how much to invest and the underlying unit trust choices you would prefer.
The reality is that most people who enjoy a retirement benefit at work, opt to make the minimum contributions that the retirement fund allows for, and it may not be sufficient. So, topping up with an RA is advisable. People who invest in an RA as well as their employer retirement fund, create a larger pot of retirement savings, which means they have more to invest to secure a better income during their retirement.