People are cashing in their pension funds like there’s no tomorrow.
Ingram looked into retirement annuities and retirement funds and the rapidly increasing rate at which people are withdrawing from funds that allow such withdrawals.
He also answered other retirement annuity related questions.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Old Mutual surveyed employees with retirement funds. In 2012 about 19% of people considered changing jobs to cash in pension funds. Last year that number went up to 35%.— Warren Ingram, Galileo Capital Financial Advisor
People earning R40 000 per month or more; 27% of them are having the same thought [cashing in their pension funds].— Warren Ingram, Galileo Capital Financial Advisor
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.
The Money Show’s Bruce Whitfield interviews Blu Blood cofounder Osman Osman for his weekly “ShapeShifter” feature.
The Money Show’s Bruce Whitfield interviews ETM Analytics Chief Economist George Glynos.
The space race has typically focused on the massive rockets needed to get there, now we need to ensure there is enough to eat.
RA not doing well? Perhaps its fees are too high? You don’t have to stick it out!
Have you noticed that your RA or unit trust isn’t growing much? Personal finance expert Warren Ingram has advice…
Are you stuck with a high-cost, lousy RA? The Money Show's Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.
High ranking employees are resigning en masse as crisis upon crisis pummel lossmaking Uber.
Spur CEO says staff aren't equipped for this kind of customer confrontation and he will consider reviewing their training manual.
A man has been banned from Spur after threatening a woman during a heated argument which was captured on video and has gone viral.
The CEO of Spur says food inflation has played a big role in making this difficult decision.
Police divers spent the whole of Sunday afternoon searching for missing students.
Got a spare R200 or R300 a month? Here’s how to make that money work hard and grow…