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10 dumbest ways to die, financially speaking

Mike Wills interviewed Gregg Sneddon, Certified Financial Planner at The Financial Coach, about the dumbest ways to die, financially speaking.

Scroll down to listen to the audio.

You’re going to die! Doing so without having a will is dumb.

Gregg Sneddon

Withdrawing from your pension fund when you change jobs is dumb. You’re giving your retirement to Sars! And you lose the effect of compounding.

Gregg Sneddon

Failing to max out your retirement contributions is dumb.

Gregg Sneddon

Failing to take on enough risk is dumb. Money in the bank can never ever beat inflation!

Gregg Sneddon

It’s dumb to chase last year’s winners. In fact, research proves that you’d be better off choosing the worst performing fund from last year than the best performing one.

Gregg Sneddon

You’re dumb if you’re not switching banks to cut on fees.

Gregg Sneddon

It’s dumb to get on the wrong side of Sars. The penalties are huge and don’t go away.

Gregg Sneddon

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