Personal Finance 13.5.2016 05:13 pm

Why should I contribute to a retirement annuity?

Mikayla Collins from NFB Private Wealth answers a question from a reader who wants to know what the benefits would be of investing a lump sum into a retirement annuity at retirement.

Q: I am of retirement age, have worked for myself my entire life and never contributed to any retirement scheme. I have a lump sum to invest, which is my accumulated savings on which I now plan to retire.

Why should I contribute to a retirement annuity?
Why should I contribute to a retirement annuity?

Why should I contribute to a retirement annuity?

Mikayla Collins from NFB Private Wealth answers a question from a reader who wants to know what the benefits would be of investing a lump sum into a retirement annuity at retirement.

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