MyMoney Online, The Personal Finance series with Warren Ingram, Evergreen Content

What to do if your retirement annuity (RA) sucks

It’s not a life sentence! You can transfer.

Warren Ingram, Galileo Capital Financial Advisor

What can you do if you have a lousy retirement annuity (RA)?

The Money Show’s Bruce Whitfield interviewed Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital, for his weekly personal finance feature.

Listen to the audio below for more detail on what your options are (and/or scroll down for more quotes from it).

If you earn R100 per month and you contribute R20 to a retirement annuity you only get taxed on R80.

Warren Ingram, Galileo Capital Financial Advisor

If you’re 30 or younger it may be worthwhile to pay a penalty of 10%.

Warren Ingram, Galileo Capital Financial Advisor

Don’t move for short-term performance reasons.

Warren Ingram, Galileo Capital Financial Advisor

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

Read More
How the symbol for a good idea has outlived the product that inspired it

How the symbol for a good idea has outlived the product that inspired it

The history of General Electric is the history of electric lighting and after 125 years they may be selling it.

How to find a great property rental deal (or great tenant)

How to find a great property rental deal (or great tenant)

Renting? Letting? Bruce Whitfield checks out an amazing new platform that connects tenants with property managers.

Best way to save for retirement

Best way to save for retirement

Is there a single-best way to save for retirement? Is a retirement annuity worth it? Personal Finance guru Warren Ingram explains…

What happens to your Retirement Annuity if your fund manager goes bust?

What happens to your Retirement Annuity if your fund manager goes bust?

Fund managers do from time to time go bankrupt. Here’s what’ll happen to your Retirement Annuity if yours does…

10 reasons why this is BY FAR the best way to save for retirement

10 reasons why this is BY FAR the best way to save for retirement

Is there a single best way to build your wealth so you can retire with dignity? Yes, there is, despite costs and limitations.

Why you need a pension fund (or retirement annuity) even if you own a house

Why you need a pension fund (or retirement annuity) even if you own a house

Many people falsely believe they do not have to save for retirement because they own the home they live in.

Popular articles
President Zuma is stalling on signing FICA bill  - and it remains a mystery why

President Zuma is stalling on signing FICA bill - and it remains a mystery why

EWN Parliament correspondent, Gaye Davis says it is still unclear why the President hasn't signed the FICA bill.

Sea Point's Mojo Market opens for business on Thursday

Sea Point's Mojo Market opens for business on Thursday

A new lifestyle market is set to open in Sea Point, offering a variety of food, art, fashion and entertainment seven days a week.

Judge Desai visits van Breda home on day 2 of triple murder trial

Judge Desai visits van Breda home on day 2 of triple murder trial

During the van Breda home visit State prosecutor Susan Galloway described to the judge where the murder weapon was found.

Caller berates black staff, says employers not obliged to provide transport

Caller berates black staff, says employers not obliged to provide transport

The caller from Bedfordview responds to complaints around the lack of late night transport provisions for Virgin Active workers.

Johnny Clegg announces his final tour

Johnny Clegg announces his final tour

The legendary superstar who has given South African music a voice, is giving his fans one last hoorah.

Economist explains why Rand strengthens despite junk status

Economist explains why Rand strengthens despite junk status

Economist at Nebank, Isaac Matshego, explains why the Rand has strengthened over the past few days.

No jobs for medical interns as health dept funds dry up - Sama

No jobs for medical interns as health dept funds dry up - Sama

Mark Sonderup, South Africa Medical Association, vice-chairperson says the medical profession is in trouble.

[Watch] All the Foreshore Freeway Project proposals

[Watch] All the Foreshore Freeway Project proposals

Take a look at the 6 six proposals that have been received by the City for the Foreshore freeway precinct.