The two correct statements about withdrawing your retirement savings early are:
**1. Could mean that you miss out on the opportunity to earn many years of investment returns on the money you withdraw.**
**2. Could mean you have to pay tax on the money you withdraw.**
These are accurate because early withdrawals typically result in losing potential investment growth and can trigger tax liabilities.
Select 2 CORRECT statements about withdrawing your retirement savings early.
Withdrawing from your pension or provident fund early _____________ .
CHOOSE 2
Has no impact on the amount you can save for retirement
Could mean that you miss out on the opportunity to earn many years of investment returns on the money you withdraw
Allows you to make the most of your money as you do not know what may happen in the future
Could mean you have to pay tax on the money you withdraw
1 answer
1 answer