OPINION: Don’t Make Two-Pot Your Savings Pot.
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GUEST: John Manyike, Head of Financial Education at Old Mutual.
In this conversation, we chat with John Manyike, Head of Financial Education at Old Mutual, about the potential pitfalls of the new "two-pot" retirement savings system. While the temptation to withdraw from your savings pot may be strong, John explains why doing so could harm your long-term financial health. From the tax implications of early withdrawals to the power of compound interest, he shares valuable insights on why it’s wise to leave your retirement funds untouched
In this conversation, we chat with John Manyike, Head of Financial Education at Old Mutual, about the potential pitfalls of the new "two-pot" retirement savings system. While the temptation to withdraw from your savings pot may be strong, John explains why doing so could harm your long-term financial health. From the tax implications of early withdrawals to the power of compound interest, he shares valuable insights on why it’s wise to leave your retirement funds untouched