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What to do if your retirement annuity (RA) sucks

17 November 2016 7:34 PM

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

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

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Article brought to us by Old Mutual.


This article first appeared on CapeTalk : What to do if your retirement annuity (RA) sucks


17 November 2016 7:34 PM

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