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.


Recommended

by NEWSROOM AI

702 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 702 community a safe and welcoming space for all.

702 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.

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

Read More
How to never-ever fall prey to ID theft… and info about a free service if you do

How to never-ever fall prey to ID theft… and info about a free service if you do

The Money Show’s Bruce Whitfield interviews Manie van Schalkwyk, Executive Director at The South African Fraud Prevention Service.

New Kia Stinger ad is awesome (just like Korean cars in general)

New Kia Stinger ad is awesome (just like Korean cars in general)

What is the future of driving? Perhaps it’s actually driving! A Kia! Bruce Whitfield interviews advertising expert Andy Rice.

Did you know? Tourism supports 10.3% of ALL jobs in South Africa

Did you know? Tourism supports 10.3% of ALL jobs in South Africa

The Money Show’s Bruce Whitfield interviews David Frost, CEO at Southern Africa Tourism Services Association.

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] Father shares how he shot the man who raped his daughter

[LISTEN] Father shares how he shot the man who raped his daughter

Johannesburg father, Chris says he had just come back from work when he walked in on an employee raping his 17 year old daughter.

Soulful Sundays Playlist: Sunday 11 June 2017

Soulful Sundays Playlist: Sunday 11 June 2017

Favourites to feed your soul on Sunday.

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

UPDATE: Chilling WhatsApp from Marli van Breda's ex-boyfriend read out in court

Marli van Breda's ex took the stand in the trial of triple murder accused Henri van Breda.

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.

Competition Commission investigates five companies to stamp out price-fixing

Competition Commission investigates five companies to stamp out price-fixing

Commission says investigation into food and agro processing companies is important because of high levels of inequality in SA.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

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

WIN! WIN! WIN! 3 MTN Biz Quiz questions could bag you R2000

WIN! WIN! WIN! 3 MTN Biz Quiz questions could bag you R2000

Broke, but clever? Enter the MTN Biz Quiz (it'll take less than 30 seconds of your time) - you could win R2000!

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...

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Meet Errol Musk - father of Elon, the most innovative entrepreneur of our age

Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.