Retirement Annuity Withdrawal

As we come across financial challenges in life as Employees, we resort to partial or full withdrawals from our insurance policies whether it's investment, education, retirement etc. This is helpful at that time of vulnerability but there are negative impacts later on. eg. It reduces the maturity value, we are also charged for breaching the contracts and worse with retirement annuity the tax man waits for the day we untie the knot with the Employer. We then find ourselves surprised and disappointed by the time we receive our gratuity because of the less calculations caused the early withdrawals. Should that be the case with any employee, he or she should think ahead, advisably more than 5 years before retiring. One of the options may be a valid investment for the period of the remaining years, this may help to eliminate stress after SARS has taken what he says it belongs to him. Again it is very important to minimise debts as early as possible before retiring so that we enjoy our benefits without fear.