Magnus Heystek: retirement annuities are decimating your savings #BestofBizNews

Magnus Heystek runs a successful and burgeoning investment boutique Brenthurst Wealth Management – which just won the Boutique Wealth Manager of the Year Award at the Intellidex Annual Wealth Manager Awards, the ‘Oscars of the investment world’. In this excerpt from the BizNews Finance Friday webinar, editor Jackie Cameron discusses retirement annuities with Heystek, who stresses that there is a crisis developing for people who rely on the traditional methods to fund their retirement – because the instrument that they’re using is busy failing them. To address this crisis, Heystek recommends that, the minute you are over 55, you should seriously consider getting your money into a living annuity where you can get a 100% offshore allocation. – Nadya Swart Learn more about your ad choices. Visit megaphone.fm/adchoices