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.


Recommended

by NEWSROOM AI
Read More
SA Mohair industry (world’s largest) face extinction after Peta video/global ban

SA Mohair industry (world’s largest) face extinction after Peta video/global ban

The Money Show's Bruce Whitfield interviews Deon Saayman (Mohair SA), Gay van Hasselt (Angora farmer) and Belinda Abraham (SPCA).

Expresso’s Katlego Maboe answers personal questions about his own money

Expresso’s Katlego Maboe answers personal questions about his own money

The Money Show’s Bruce Whitfield interviews Maboe about his attitude to money (hopes and fears, successes and failures, etc.).

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
We're not just cyclists - CT man turns punch-up with driver into safety message

We're not just cyclists - CT man turns punch-up with driver into safety message

He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.

Health Minister proposes scrapping of medical aid co-payments

Health Minister proposes scrapping of medical aid co-payments

The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.

SANDF soldier arrested for robbery on trial for attempted murder

SANDF soldier arrested for robbery on trial for attempted murder

Operations chief, General Barney Hlatshwayo's personal driver was arrested on Tuesday.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.