Does your retirement annuity (RA) suck?
The Money Show’s Bruce Whitfield interviewed Galileo Capital Personal Financial Advisor Warren Ingram and Old Mutual General Manager for Closed Products Adrian Burke for his weekly personal finance feature.
Ingram and Burke discusses the ins and outs of getting out of an RA.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
This product that the listener bought is no longer on the market.— Adrian Burke, Old Mutual
There are very few cases nowadays where the penalty would go to the maximum.— Adrian Burke, Old Mutual
If you stay with the company there is no penalty applicable.— Adrian Burke, Old Mutual
Product costs should not be more than 2% per year.— Warren Ingram, Galileo Capital Financial Advisor
The most attractive option for me is to stop contributions to this RA and to start a new one at another fund manager.— Listener
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.
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.
5 reasons retirement funds rule (compared to the alternatives), according to Corporate Consultant Erhard Theunissen.
Fund managers do from time to time go bankrupt. Here’s what’ll happen to your Retirement Annuity if yours does…
Is there a single best way to build your wealth so you can retire with dignity? Yes, there is, despite costs and limitations.
Many people falsely believe they do not have to save for retirement because they own the home they live in.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
People do some very interesting things for a living, but some job titles are given more credit than others.
This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.
The EFF lawyer stole the show during the state capture report court battle.
Fees Must Fall activists singing the national anthem with a new melody and phrases calling it a 'decolonised national anthem'.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?
Will Jack Mabaso's return to the realm of Generations boost ratings? Well it seems not all viewers are impressed by the come-back.