Streaming issues? Report here
Azania Moaka 702 Gradient Azania Moaka 702 Gradient
The Azania Mosaka Show
13:00 - 15:00
volume_up
volume_mute

Up Next: Afternoon Drive with Joanne Joseph
See full line-up
The Azania Mosaka Show
13:00 - 15:00
Home
arrow_forward
Business
fiber_manual_record
Lifestyle

Investing in a retirement fund? Get expert advice on choosing the best option

23 July 2020 9:10 PM
Tags:
Financial planning
Warren Ingram
Retirement
Bruce Whitfield
retirement fund
pension fund
retirement annuity
Government Employees Pension Fund
retirement savings
provident fund

Who sells retirement funds? How do they work? And, are they all the same? Financial adviser Warren Ingram has the lowdown.

Choosing the right retirement fund is a decision that can determine your future financial security.

So, how do you go about it?

RELATED: How to plan for retirement during the Covid-19 crisis

Personal finance expert and Galileo Capital executive director Warren Ingram gives a breakdown of the three main types of fund on offer:

- retirement annuity (RA)

- pension fund

- provident fund

Each of them are quite different beasts and that's important to understand.

Warren Ingram, Personal financial adviser and executive director - Galileo Capital

If you work for a company there's a very big chance that you might be in a pension or a provident fund, whereas if you work for yourself or you're a contractor or in a small company, then the likelihood is that you don't have one of those and you'll need yourself an RA.

Warren Ingram, Personal financial adviser and executive director - Galileo Capital

You've also got the Government Employees Pension Fund [GEPF], which would certainly be one of the very biggest in the country.

Warren Ingram, Personal financial adviser and executive director - Galileo Capital

At retirement you can also invest in a living annuity which offers more flexibility in terms of investments and withdrawals.

Listen to Ingram's detailed explanation of the different products below:


23 July 2020 9:10 PM
Tags:
Financial planning
Warren Ingram
Retirement
Bruce Whitfield
retirement fund
pension fund
retirement annuity
Government Employees Pension Fund
retirement savings
provident fund

More from Business

WhatsApp-message-log-app-smartphone-social-media-texting-technology-123rf

Pyramid schemes: It's greed, you think you stand a better chance than the others

8 August 2020 2:44 PM

National Consumer Commission director of prosecutions Joseph Selolo says you can't be naive or claim to be duped.

Share this:
Read More arrow_forward

premier-alan-winde-cticc-covid-19-hospitaljpg

Premier Winde calls for alcohol sales ban to be lifted in WC

7 August 2020 5:32 PM

Following a cabinet meeting, Winde said that the province had sufficient health capability to manage COVID-19 patients.

Share this:
Read More arrow_forward

mos-crib-thumbnail-unfilteredjpg

Our Nedbank Business Ignite winners want to do business with YOU!

7 August 2020 9:18 AM

From 50 finalists the three winners have been selected and they represent top adaptive thinking in business right now.

Share this:
Read More arrow_forward

performance-3202707-1920jpg

Nigerian Afrobeats star aims to raise $20m to fund the continent's musicians

6 August 2020 9:03 PM

'Mr Eazi' launched the Africa Music Fund to support the continent's creative talent. Bruce Whitfield interviews Lee Kasumba.

Share this:
Read More arrow_forward

oranges-1117628-1920jpg

Good news for local citrus industry: Bumper season expected for US exports

6 August 2020 8:38 PM

Justin Chadwick (Citrus Growers' Association) says it's all thanks to the perceived immune-boosting attraction of Vitamin C.

Share this:
Read More arrow_forward

liquor-store-sales-wine-champagne-mmc-brut-bubbly-alcohol-booze-drinking-123rf

Former Shoprite CEO joins court battle against alcohol ban - Govt is too slow!

6 August 2020 7:36 PM

Bruce Whitfield interviews Whitey Basson, who believes it's just not good enough for govt to say ban will be lifted but not when.

Share this:
Read More arrow_forward

MTN-cellphone-network-service-provider-data-airtime-calls-123rf

MTN to quit Middle East to focus on Africa

6 August 2020 6:55 PM

Bruce Whitfield talks to MTN CFO Ralph Mupita about the reasons for the move and the company's huge profit increase.

Share this:
Read More arrow_forward

afrika-tikkunjpg

SA needs 'the Madiba compassion' more than ever now, says Afrika Tikkun CEO

5 August 2020 8:54 PM

Marc Lubner on the NGO's programmes for young South Africans and how working with Nelson Mandela inspired his life's work.

Share this:
Read More arrow_forward

car insurance short-term cover 123rfbusiness 123rflifestyle 123rf

Why it's a bad idea to ditch or downgrade your car insurance to save on costs

5 August 2020 8:21 PM

Involved in an accident you didn't cause? Third party claims don't pay out much. Wendy Knowler shares one driver's horror story.

Share this:
Read More arrow_forward

liberty-ceo-david-munrojpg

Liberty reports R2.2b loss amid pandemic, but 'capital ratio remains strong'

5 August 2020 7:53 PM

Liberty's David Munro tells The Money Show its R3b pandemic reserve shows the insurer 'truly living out its purpose'.

Share this:
Read More arrow_forward

More from Lifestyle

zonkejpg

Enjoy Zonke's virtual concert with the State Theatre

9 August 2020 3:00 PM

The talented musician tells Refiloe Mpakanyane she hopes the audience will give her love through their lenses.

Share this:
Read More arrow_forward

parenting-in-lockdownjpg

Pandemic parenting — hands on, hands-free and hands sanitised

7 August 2020 5:35 PM

Mandy Wiener and guests share advice around the challenges a lot of us are facing when it comes to parenting during lockdown.

Share this:
Read More arrow_forward

car insurance short-term cover 123rfbusiness 123rflifestyle 123rf

Why it's a bad idea to ditch or downgrade your car insurance to save on costs

5 August 2020 8:21 PM

Involved in an accident you didn't cause? Third party claims don't pay out much. Wendy Knowler shares one driver's horror story.

Share this:
Read More arrow_forward

Empty office space covid-19 coronavirus lockdown 123rfbusiness 123rf

'Let's use less stigmatising terminology when we communicate about COVID-19'

5 August 2020 4:43 PM

Employment relations expert Gawie Cillié suggests managers create a psychological safe space to avoid bullying in the workplace.

Share this:
Read More arrow_forward

ei-7020-omny-episodic-claudine-1500x1500-fapng

Signcast: Sign language adds important dimension to podcasts

5 August 2020 3:47 PM

The Signcast of a discussion with Professor Claudine Storbeck features her translation of the conversation into sign language.

Share this:
Read More arrow_forward

woman-mask-covid19-virus-symptoms-self-isolation-quarantine-laptop-at-home-123rf

Exploring how women can show up authentically with resilience and strength

5 August 2020 3:41 PM

Human Potential and parenting expert Nikki Bush takes listeners behind the scenes on what builds a strong personal brand.

Share this:
Read More arrow_forward

nike-adpng

[WATCH] Why Nike's new tv advert is 'absolutely extraordinary'

4 August 2020 8:09 PM

Nike's hit the mark, again, with its latest tv ad campaign. Branding expert Andy Rice awards it this week's hero's rating.

Share this:
Read More arrow_forward

Money notes coins rands

Negotiating your salary: 'You need to come prepared'

4 August 2020 3:23 PM

Azania Mosaka speaks to talent strategist and leadership coach Anja van Beek on how to go about having the conversation.

Share this:
Read More arrow_forward

Young man reading books in library literature 123rflifestyle 123rf

'Verify that the institution you want to study at is registered and accredited'

4 August 2020 12:40 PM

Independent Institute of Education's Nola Payne unpacks factors pupils should consider when deciding on a tertiary institution.

Share this:
Read More arrow_forward

Ferrari

I collect cars. I’m a big Aston Martin and Ferrari guy - Vusi Thembekwayo

3 August 2020 8:06 PM

Bruce Whitfield interviews Vusi Thembekwayo about his attitude to money (hopes and fears, successes and failures, etc.).

Share this:
Read More arrow_forward