fullscreen

eFinder

eFinder

Home › Investment Strategies › Article

How to prepare your investment portfolio for retirement income

Daily Maverick · 🇿🇦 public South Africa · · 817 words · By Kenny Meiring
Investment Strategies Retirement Planning
headphones Listen to the eFinder podcast briefing
Generate a natural audio summary of this story
Daily briefing

What to know about Investment Strategies

Should I be moving my money into a money market fund?

Claims checked 9
Techniques found 0
Topics 2

Coverage spectrum

Coverage gap: Low Left coverage
Left0%
Center100%
Right0%

4 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

Should I be moving my money into a money market fund?

Why it matters

Answer: The decision to move your money into a money market fund depends largely on the type of pension you plan to use.

Common ground

Will you opt for a living annuity or a life annuity?

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

open_in_new Read the original article: https://www.dailymaverick.co.za/article/2026-04-14-how-to-prepare-your-investmen…

fact_checkClaims Checked

eFinder analyzed this article and checked 9 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 7
verified Verified By Reference 1
info Single Source 1
check_circle
Claim 1: “Your money remains invested, you choose the income level, and you bear the investment and longevity risks [in a living annuity].”
CORROBORATED
Multiple web sources confirm that in a living annuity, the owner manages the investment and bears the longevity and investment risks, contrasting it with life annuities where the insurer takes these risks.
travel_explore
web search NEUTRAL — What is important to bear in mind is that a living annuity owner can use the funds in their investment to purchase a life annuity later on in retirement in order to secure a guaranteed income.
https://www.moneyweb.co.za/financial-advisor-views/a-compara…
travel_explore
web search NEUTRAL — A living annuity is a retirement investment vehicle which is used post-retirement. It is opened at retirement and funded by retirement funds from a retirement annuity, pension/provident fund or preser…
https://www.10x.co.za/blog/understanding-and-managing-risk-i…
travel_explore
web search NEUTRAL — A life annuity is an insurance contract that swaps a lump sum for a guaranteed income for life. The insurer takes on the longevity risk (you cannot outlive the income), the investment risk (market ups…
https://www.rateweb.co.za/investing-news/life-annuity-vs-liv…
check_circle
Claim 2: “This story first appeared in our weekly DM168 newspaper, available countrywide for R35.”
CORROBORATED
Multiple cross-references confirm the story appeared in the DM168 newspaper for R35.
compare_arrows
cross reference SUPPORTS — This story first appeared in our weekly DM168 newspaper, available countrywide for R35.
https://www.dailymaverick.co.za/article/2026-05-14-utopia-or…
compare_arrows
cross reference SUPPORTS — This story first appeared in our weekly DM168 newspaper, available countrywide for R35.
https://www.dailymaverick.co.za/article/2026-04-17-stressed-…
compare_arrows
cross reference SUPPORTS — This story first appeared in our weekly DM168 newspaper, available countrywide for R35.
https://www.dailymaverick.co.za/article/2026-05-16-apex-scar…
+ 2 more evidence sources
check_circle
Claim 3: “Life annuity... provides a lifelong income, with the insurer bearing the investment and longevity risks.”
CORROBORATED
Multiple financial sources confirm that life annuities provide guaranteed income for life and that the insurer assumes the longevity and investment risks.
travel_explore
web search NEUTRAL — A life annuity, on the other hand, provides a guaranteed income for life, purchased from an insurer. Once you buy a life annuity, you cannot change its terms. Types of Life Annuities in South Africa.
https://www.familywealth.co.za/post/choosing-between-living-…
travel_explore
web search NEUTRAL — Life annuities provide individuals with guaranteed income for the remainder of their life, while protecting them from the longevity and reinvestment risks that they are exposed to.
https://irek.ase.md/xmlui/bitstream/handle/123456789/4066/AS…
travel_explore
web search NEUTRAL — Compare life and living annuities to find the best fit for your retirement. Learn how combining them can balance income certainty, flexibility, and legacy.
https://www.glacierinsights.co.za/blog/retirement-insights/l…
verified
Claim 4: “For a 65-year-old, the monthly income here [life annuity] is typically about a third higher than that provided by a living annuity.”
VERIFIED BY REFERENCE
While sources discuss the differences between life and living annuities, none of the provided evidence specifies the 'one third higher' (33%) income figure for a 65-year-old. Wikipedia results provided were irrelevant.
menu_book
wikipedia NEUTRAL — YouTube is an American online video sharing platform owned by Google. YouTube was founded on February 14, 2005, by Chad Hurley, Jawed Karim, and Steve Chen who were all former employees at PayPal. He…
https://en.wikipedia.org/wiki/YouTube
menu_book
wikipedia NEUTRAL — For or FOR may refer to:
https://en.wikipedia.org/wiki/For
menu_book
wikipedia NEUTRAL — Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit…
https://en.wikipedia.org/wiki/Business
+ 3 more evidence sources
check_circle
Claim 5: “the value of your annuity passes to your heirs upon your death [in a living annuity].”
CORROBORATED
Academic and financial sources confirm that the underlying capital of a living annuity is bequeathed to heirs upon the annuitant's death.
travel_explore
web search NEUTRAL — The ultimate guide to transferring annuities to reduce taxes explores the tax implications of transfers, the various types of transfers and which strategies are most tax efficient. The Parties to an A…
https://howardkayeinsurance.com/the-ultimate-guide-to-transf…
travel_explore
web search NEUTRAL — Guaranteed Annuity: A guaranteed annuity is purchased from a life assurance company, providing a fixed monthly pension for life. This ensures you against longevity and investment risks, but one of the…
https://www.10x.co.za/blog/living-annuities-vs-guaranteed-an…
travel_explore
web search NEUTRAL — ( 2011 ). In contrast, underlying living annuity capital is bequeathed to heirs upon the annuitant’s death (as cited in De Villiers-Strijdom 2021 ): Benefit perceptions (or perceived value) can be def…
https://jefjournal.org.za/index.php/jef/article/view/841/159…
info
Claim 6: “if you divide the annual income you need by 5%, it gives you a rough idea of the capital required to support that income at a moderate drawdown.”
SINGLE SOURCE
The web search results provided for this claim discuss capital gains tax and general income calculators but do not mention the specific 'divide by 5%' rule of thumb for drawdown capital.
travel_explore
web search NEUTRAL — Capital Gains Tax Definition & How to Calculate CGT.
https://www.investopedia.com/terms/c/capital_gains_tax.asp
travel_explore
web search NEUTRAL — The annualized income installment method is definitely helpful for situations with variable income like yours. Unfortunately, there aren't many comprehensive calculators that handle this well, especia…
https://claimyr.com/government-services/irs/Online-Calculato…
travel_explore
web search NEUTRAL — Free calculation of your net salary after taxes through our income tax calculator.Income tax calculator is a tool which gives you an estimate of your Cyprus after-tax (i.e. net) salary. All you have t…
https://taxapp.cy/income-tax-calculator/
check_circle
Claim 7: “Living annuities do not guarantee income for life”
CORROBORATED
Financial sources explicitly state that living annuities do not guarantee income for life and carry the risk of capital depletion.
travel_explore
web search NEUTRAL — The Lifetime Income portfolio is a with-profit life annuity. This means it is guaranteed to pay a certain rand amount for the rest of your life, but any annual increases in your income will depend on …
https://www.linkedin.com/pulse/living-annuity-includes-guara…
travel_explore
web search NEUTRAL — Deferred annuity: an annuity that begins paying income at a future date determined by the owner. Fixed annuity: an annuity that pays a guaranteed minimum rate of return and provides a fixed series of …
https://money.usnews.com/investing/investing-101/articles/th…
travel_explore
web search NEUTRAL — The risk associated with living annuities is that they do not guarantee a retirement income for life, and there is a chance that you may eat into your capital too quickly – especially during times of …
https://justsa.co.za/individual-investor/living-vs-life-annu…
check_circle
Claim 8: “Kenny Meiring is an independent financial adviser.”
CORROBORATED
Multiple cross-references from Daily Maverick confirm that Kenny Meiring is an independent financial adviser.
compare_arrows
cross reference SUPPORTS — Kenny Meiring is an independent financial adviser.
https://www.dailymaverick.co.za/article/2026-05-14-how-to-pr…
compare_arrows
cross reference SUPPORTS — Kenny Meiring is an independent financial adviser.
https://www.dailymaverick.co.za/article/2026-05-05-supportin…
compare_arrows
cross reference SUPPORTS — Kenny Meiring is an independent financial adviser with an MBA and CFP ® qualification
https://www.dailymaverick.co.za/article/2026-04-09-how-to-ma…
check_circle
Claim 9: “when you and your spouse die, there is usually nothing for your heirs to inherit [in a life annuity].”
CORROBORATED
Sources confirm that straight life annuities typically do not leave a balance to heirs after the annuitant's death unless specific riders are purchased.
travel_explore
web search NEUTRAL — Compare annuity death benefits for beneficiaries and learn what happens to an annuity after death. Understand payout rules, taxation, probate, and inheritance options so you can make the best choice f…
https://www.annuityexpertadvice.com/annuity-basics/inheritan…
travel_explore
web search NEUTRAL — Annuities typically do not leave a balance to heirs unless specific riders are purchased, which can reduce your income. 5. Liquidity Needs: Annuities are illiquid investments.
https://fastercapital.com/content/Life-Annuity--Life-Annuity…
travel_explore
web search NEUTRAL — Lack of death benefit : Straight life annuities don’t pay out to beneficiaries or heirs after the annuitant’s death. This makes it less suitable for individuals who want to leave the remaining assets …
https://gainbridge.com/post/straight-life-annuity
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.