{"id":635073,"date":"2022-10-18T06:48:34","date_gmt":"2022-10-18T04:48:34","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=635073"},"modified":"2022-10-18T06:48:34","modified_gmt":"2022-10-18T04:48:34","slug":"the-cure-for-costly-retirement-investments","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/industry-news\/635073\/the-cure-for-costly-retirement-investments\/","title":{"rendered":"The cure for costly retirement investments"},"content":{"rendered":"<p>High fees are the probably the single biggest threat to your retirement investment outcome.<\/p>\n<p>Here\u2019s an example.<\/p>\n<p>Let\u2019s assume you\u2019ve got R1,000,000 tucked away in a <a href=\"https:\/\/www.outvest.co.za\/retirement\/retirement-annuity\/?source=businesstech_la_outvest&amp;utm_source=businesstech_la_outvest&amp;utm_medium=display&amp;utm_campaign=retirement_promotion&amp;utm_term=sponsored_article&amp;utm_content=ra_comp_article1_retirement_annuity\" target=\"_blank\" rel=\"noopener\"><strong>Retirement Annuity<\/strong><\/a>. Traditionally, you\u2019ll be paying about 3% a year in fees, sometimes even more.<\/p>\n<ul>\n<li><a href=\"https:\/\/www.outvest.co.za\/retirement\/retirement-promotion\/?source=businesstech_la_outvest&amp;utm_source=businesstech_la_outvest&amp;utm_medium=display&amp;utm_campaign=retirement_promotion&amp;utm_term=sponsored_article&amp;utm_content=ra_comp_article1\" target=\"_blank\" rel=\"noopener\"><strong>Click here to learn more about OUTvest.<\/strong><\/a><\/li>\n<\/ul>\n<p>That\u2019s an unacceptable R30,000, or more, in fees every single year. Ouch!<\/p>\n<p>The best way to find out exactly what you\u2019re currently forking over is to ask your financial advisor or investment provider for your investment\u2019s Effective Annual Cost (EAC). And if it feels high to you, it\u2019s time to shop around for something better.<\/p>\n<p>OUTvest is unlike traditional investment providers. Their transparent ONEfee model means you could pay much less (as little as 0.45% per year), leaving much, much more of your money to grow.<\/p>\n<p>In the long term, it can make a massive difference.<\/p>\n<p>If you compare OUTvest to the previous example, you\u2019ll pay just R4,960 a year in fees. Yes, over R25,000 more of your money is left to grow.<\/p>\n<p>And, before you ask, the performance of their funds competes well against their peers. They\u2019ve even got advanced tracking and monitoring to help you stay on track until you reach your goal.<\/p>\n<p>And now, there\u2019s never been a better time to switch to OUTvest. That\u2019s because they\u2019re giving you the chance to <a href=\"https:\/\/www.outvest.co.za\/retirement\/retirement-promotion\/?source=businesstech_la_outvest&amp;utm_source=businesstech_la_outvest&amp;utm_medium=display&amp;utm_campaign=retirement_promotion&amp;utm_term=sponsored_article&amp;utm_content=ra_comp_article1_win100000\" target=\"_blank\" rel=\"noopener\"><strong>WIN R100,000<\/strong><\/a> in an OUTvest Retirement Annuity.<\/p>\n<p>To enter, all you need to do is transfer your Retirement Annuity or <a href=\"https:\/\/www.outvest.co.za\/retirement\/preservation-fund\/?source=businesstech_la_outvest&amp;utm_source=businesstech_la_outvest&amp;utm_medium=display&amp;utm_campaign=retirement_promotion&amp;utm_term=sponsored_article&amp;utm_content=ra_comp_article1_preservation_fund\" target=\"_blank\" rel=\"noopener\"><strong>Preservation Fund<\/strong><\/a> to OUTvest (hint: it only takes a few clicks to start and they handle pretty much everything else).<\/p>\n<p>If you happen to be leaving your current employer, you can also transfer your Pension or Provident Fund to an OUTvest Preservation Fund to enter.<\/p>\n<p>Ready to make the switch? <a href=\"https:\/\/www.outvest.co.za\/retirement\/retirement-promotion\/?source=businesstech_la_outvest&amp;utm_source=businesstech_la_outvest&amp;utm_medium=display&amp;utm_campaign=retirement_promotion&amp;utm_term=sponsored_article&amp;utm_content=ra_comp_article1\" target=\"_blank\" rel=\"noopener\"><strong>Click here.<\/strong><\/a><\/p>\n<hr \/>\n<p><em>OUTvest is a licensed FSP. The total cost of \u2018traditional investing\u2019 is estimated to be 3% per year. Research on fees was conducted by OUTvest internally. Traditional investing is when you pay an advice, administration and fund management fee. Past performance is not indicative of future performance. Results are provided for illustrative purposes only and are amount and time horizon dependent. All investments are exposed to risk, not guaranteed and dependent on the performance of the underlying investments. Fees may change due to inflation. Ts and Cs apply.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How about an extra R100,000 towards your retirement?<\/p>\n","protected":false},"author":57,"featured_media":635079,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10459],"tags":[16348],"class_list":["post-635073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-outvest"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/635073","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/57"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=635073"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/635073\/revisions"}],"predecessor-version":[{"id":635091,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/635073\/revisions\/635091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/635079"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=635073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=635073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=635073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}