Why cashing in your retirement fund is a no - even in tough times
According to the South African Reserve Bank, Eskom tariff hikes will drive the inflation rate up by a 0.75 percentage point. With living expenses ever-increasing in South Africa, people should avoid the temptation of cashing in their retirement funds when changing jobs or when facing financial difficulties. Doing this could have long-term consequences and negatively impact their ability to retire comfortably with enough capital.