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.
Bruce Whitfield interviewed EWN reporter Rahima Essop and Prof Somadoda Fikeni, Adviser to Unisa's Vice-Chancellor.
The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.
The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.
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.
AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.
Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.
The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).
A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.