MyMoney Online, The Personal Finance series with Warren Ingram

Want to withdraw from your retirement fund? You’re not (even remotely) alone…

People are cashing in their pension funds like there’s no tomorrow.

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

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

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.


This article first appeared on 702 : Want to withdraw from your retirement fund? You’re not (even remotely) alone…


Recommended

by NEWSROOM AI

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Where should government invest with small businesses?

Where should government invest with small businesses?

The Money Show’s Bruce Whitfield interviews Allon Raiz, CEO at Raiz Corp on government focus with small businesses.

Waiting for the Ramaphosa rise – where is the stock market growth?

Waiting for the Ramaphosa rise – where is the stock market growth?

The Money Show’s Bruce Whitfield interviews Warren Ingram, Personal Financial Advisor and Executive Director at Galileo Capital.

Get the best bits of ‘The Money Show’ emailed to you daily, right after it ends

Get the best bits of ‘The Money Show’ emailed to you daily, right after it ends

Do you enjoy listening to Bruce Whitfield’s The Money Show, but miss it sometimes?

How to get out of your Retirement Annuity (RA)

How to get out of your Retirement Annuity (RA)

RA not doing well? Perhaps its fees are too high? You don’t have to stick it out!

Retirement annuity/unit trust not doing well? Here’s what to do…

Retirement annuity/unit trust not doing well? Here’s what to do…

Have you noticed that your RA or unit trust isn’t growing much? Personal finance expert Warren Ingram has advice…

What to do if your retirement annuity (RA) sucks

What to do if your retirement annuity (RA) sucks

Are you stuck with a high-cost, lousy RA? The Money Show's Bruce Whitfield interviews Personal Financial Advisor Warren Ingram.

Popular articles
[LISTEN]Tempers flare as Eusebius grills SABC's Maroleng about hiring and firing

[LISTEN]Tempers flare as Eusebius grills SABC's Maroleng about hiring and firing

Embattled public broadcaster's new COO, Chris Maroleng tries to defend SABC about Sakina Kamwendo incident.

'White South Africans learning an African language would show respect'

'White South Africans learning an African language would show respect'

A video of a white man speaking fluent TshiVenda went viral, but languages expert Dr Dowling says most black people speak English.

Water to be released from Berg River to Misverstand Dam to avoid Day Zero

Water to be released from Berg River to Misverstand Dam to avoid Day Zero

Government has put plans in place to prevent the Misverstand Dam from running dry in a week's time.

What Hashim Amla's fascinating story illuminates about South African society

What Hashim Amla's fascinating story illuminates about South African society

Writer Niren Tolsi says SA cricketer Hashim Amla is the living embodiment of a nation trying to express itself while healing.

Highly-criticised world athletics body's rule could end Caster Semenya's career

Highly-criticised world athletics body's rule could end Caster Semenya's career

She faces ongoing complaints from rivals about having an "unfair advantage" on the track, but how fair is this proposed IAAF rule?

Cape plumber designs device to ensure geyser water doesn't go down the drain

Cape plumber designs device to ensure geyser water doesn't go down the drain

Wattapac is a water-saving bladder and pump designed to help plumbers save as much as 1 000 litres of water a day.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)