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.


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


Recommended

by NEWSROOM AI
Read More
How the 'creative economy' mines ideas, and turns them into money

How the 'creative economy' mines ideas, and turns them into money

Bruce Whitfield interviews The Loerie Awards CEO Andrew Human about the science of creativity and the creative economy.

ANN7, New Age rebrand… The customer is no fool, warns ad expert Andy Rice

ANN7, New Age rebrand… The customer is no fool, warns ad expert Andy Rice

No amount of name changing, or logo redesign, will have any effect if the underlying product remains defective, warns Rice.

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
I was not introduced to Ajay Gupta - Grootes

I was not introduced to Ajay Gupta - Grootes

Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Getting to know MP, Dr Makhosi Khoza

Getting to know MP, Dr Makhosi Khoza

Dr Khoza is admired by South Africans for her role in the SABC inquiry as a ANC member of parliament.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...