Is buy­ing dif­fer­ent pen­sions a plan?

Weekend Argus (Saturday Edition) - - PERSONALFINANCE -

If I have R2 mil­lion at re­tire­ment, would it make sense to use R1 mil­lion to buy a liv­ing an­nu­ity and R1 mil­lion to buy a guar­an­teed an­nu­ity? Will the guar­an­teed an­nu­ity last for the rest of my life if I re­tire at 63?

Linda Flanagan

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