Artwork

Content provided by Warren Ingram. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Warren Ingram or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Debt Management vs. Retirement Savings: Making Smart Financial Decisions

12:49
 
Share
 

Manage episode 434664081 series 2621606
Content provided by Warren Ingram. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Warren Ingram or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this podcast, Warren Ingram answers questions about contributing to a retirement fund and withdrawing money from a retirement fund to pay off debts. He discusses the limitations on investing in international investments through living annuities and suggests being patient as the cap on offshore capacity may ease in the future.
Takeaways

  • Maximize the tax break for retirement fund contributions by contributing up to the maximum allowed amount.
  • Avoid over-contributing to retirement funds and consider contributing to a tax-free savings account.
  • Quitting a job to access retirement funds can lead to financial difficulties, so explore other options to pay off debts.
  • Be patient with the limitations on investing in international investments through living annuities, as the cap may ease in the future.
  • Maintain a balanced investment approach and consider maximizing tax reallocation.

Get more insight on how Prescient Investment Management can help you here.

Send us a Text Message.

Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

  continue reading

226 episodes

Artwork
iconShare
 
Manage episode 434664081 series 2621606
Content provided by Warren Ingram. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Warren Ingram or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In this podcast, Warren Ingram answers questions about contributing to a retirement fund and withdrawing money from a retirement fund to pay off debts. He discusses the limitations on investing in international investments through living annuities and suggests being patient as the cap on offshore capacity may ease in the future.
Takeaways

  • Maximize the tax break for retirement fund contributions by contributing up to the maximum allowed amount.
  • Avoid over-contributing to retirement funds and consider contributing to a tax-free savings account.
  • Quitting a job to access retirement funds can lead to financial difficulties, so explore other options to pay off debts.
  • Be patient with the limitations on investing in international investments through living annuities, as the cap may ease in the future.
  • Maintain a balanced investment approach and consider maximizing tax reallocation.

Get more insight on how Prescient Investment Management can help you here.

Send us a Text Message.

Have a question for Warren? Don't forget to voice note your questions through our WhatsApp chat on (+27)79 807 8162 and you could be featured in one of our episodes. Follow us on Twitter, LinkedIn and subscribe to our YouTube channel for more Financial Freedom content: @HonestMoneyPod

  continue reading

226 episodes

كل الحلقات

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Quick Reference Guide