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Is a unit trust best option for medical expenses?

Personal Finance 6 months ago

Medical aid can be seen as a cost, depending on an investor’s liquidity needs – or, in times of urgent need, a blessing.


17 Aug 2020
PREMIUM!
Is a unit trust best option for medical expenses?

Image: iStock

A Moneyweb reader asked: I have been wondering if it would make sense to ringfence an amount of, say R1 million, into a personal medical account invested in a balanced unit trust and only use proceeds for medical expenses when needed?  At 61, I am approaching retirement together with my wife. At the moment I do have a medical aid, which I would then cancel. Michael Haldene, who is an investment advisor at Global & Local, answered: Decision 1: Forgo your medical aid contributions and ringfence the investment with a conservatively managed investment. This decision seems increasingly attractive from a...

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