Use a Retirement Annuity to pay for medical expenses after retirement
· Healthcare costs are continuously increasing (and unfortunately there is a greater need for healthcare after retirement).
· Generally Medical Aid Benefits are battling to keep up with increasing healthcare costs – resulting in large shortfalls.
· Many entrepreneurs are not providing any healthcare benefits for themselves or retired staff.
If you want to be financially independent, you need to cover all your expences by means of a passive income. Retirement Annuities is an excelent vehicle to provide for such an expence as your medical aid contributions. Note! it not only have to cover your medical it can also cover some of your other expences as well.