Question:
Can one switch your old mutual RA fund and invest in a unit trust and then sell your unit trust?
Answer:
Justin, The law does not allow you to transfer your money from a retirement annuity to a unit trust. If you are over the age of 55, you could withdraw up to 1/3rd of your money with the remainder having to be used to purchase an annuity.
The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.
