How to Plan for a Peaceful Enjoyable Retirement

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  • Опубліковано 5 сер 2024
  • According to statistics, 8 out of 10 Kenyans are NOT saving for their retirement. We are not in a good place. Sundeep Raichura, Group CEO Zamara Group shares with us how to plan for a peaceful enjoyable retirement.
    What do invest but don't know what to invest? We take the mystery out of investing. Join the Investable programme: www.moneywise.co.ke/welcome-t...
    To get a copy of the book Money-Wise: Create, Grow & Preserve Wealth, click here: rebrand.ly/moneywisebook (Free Delivery in Nairobi)
    Timestamps
    0:00 Intro & how we can help you invest with confidence
    4:23 Why I'm relentless in helping people plan for retirement
    6:22 Retirement statistics in Kenya
    11:01 Advise for the young
    13:58 The balance between enjoyment and saving for the future
    20:34 The rule of 14, 16, 18
    21:32 How much you should put aside for retirement
    27:16 Tax benefits of pensions explained
    29:42 Options for the employed
    32:18 Options for the self-employed
    40:51 The National Social Security Fund explained
    42:46 Pension plans vs provident funds
    45:26 Using your pension to buy a home (Kenya)
    48:03 Net replacement rate explained
    48:46 The Asian culture and money management
    55:02 Post retirement medical cover
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КОМЕНТАРІ • 58

  • @collinsandrea4728
    @collinsandrea4728 2 роки тому +18

    I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly basis via my investment and got 5 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
    Very inspiring! I love this

    • @richardpreeda9151
      @richardpreeda9151 2 роки тому +3

      I’m 32 and my ultimate financial goal would be $2million in savings and a monthly passive income of $15,000, I’ve got about $230k to put in the market and I’d love to know how I could make this goal happen by the time I turn 40

    • @collinsandrea4728
      @collinsandrea4728 2 роки тому +2

      Sure, you can do that, you just need to be consistent with your investment also you should probably consult with an investment manager, they are very good at retirement planning and can come up with the best strategies to reach your goal

    • @richardpreeda9151
      @richardpreeda9151 2 роки тому +2

      Alright... it seems you’re in contact with an investment manager, how’s it been working out so far for you?

    • @collinsandrea4728
      @collinsandrea4728 2 роки тому +3

      Yes, I’m using an investment manager been in touch with one since January when I started planning for retirement, I’m 47 by the way and since January till now I’ve experienced a steady portfolio growth from $182K to $452K currently

    • @richardpreeda9151
      @richardpreeda9151 2 роки тому +2

      That’s great man, your investment manager must be really good, do you mind sharing more info on this person?

  • @mosesmugomwai7815
    @mosesmugomwai7815 3 місяці тому +1

    Very great conversation.It should be preached to the young.

  • @markkitheka9537
    @markkitheka9537 7 місяців тому +1

    This what kenyans need to hear.
    Quite informative to prevent old age poverty.

  • @rankzkate
    @rankzkate Рік тому +2

    Very very insightful .Sundeep sounds very passionate about this topic. Thank you

  • @wilsonowuor6292
    @wilsonowuor6292 2 роки тому +3

    Thanks Rina, this is priceless.

  • @gideoni.ndawula8537
    @gideoni.ndawula8537 2 роки тому +1

    Great information, need to see long term for sure

  • @winfridahkasonde6811
    @winfridahkasonde6811 5 місяців тому +1

    Very educative information.

  • @hildakaburu3189
    @hildakaburu3189 8 місяців тому +1

    Great conversation....so glad to have come across it.

  • @ashakijana1273
    @ashakijana1273 Рік тому +1

    Awesome ❤❤❤❤, very engaging conversation.

  • @ninsiimaboaz8263
    @ninsiimaboaz8263 2 роки тому +2

    Thank u. In Ug

  • @kalondundonyi392
    @kalondundonyi392 2 роки тому +18

    "You can be young without money but you cannot be old without money" that has hit home hard....

  • @letalgb3983
    @letalgb3983 Місяць тому

    save for the older person you will become ... Obrigado from Mozambique

  • @mosesmugomwai7815
    @mosesmugomwai7815 3 місяці тому

    Is this Mr Raichura of Zamara

  • @linetbutembu1918
    @linetbutembu1918 6 місяців тому +1

    I would like to know more about next of kin

  • @user-qo6hg8fi3y
    @user-qo6hg8fi3y Рік тому +1

    This is the most timely video i have come across today ! I am looking for a plan to contribute to ,can i get help with this ?

  • @cikumainone
    @cikumainone 2 роки тому +1

    Aiming for $1m by the time I'm 55. But still want to eat life. I'm 40 with no kids. Rina saidia hapa

  • @worldwideinspiration.6842
    @worldwideinspiration.6842 2 роки тому +1

    This is profound Rina! Nice job

  • @Minister-Delina.
    @Minister-Delina. 2 роки тому +12

    This is the best channel God has ever connected me with amongst TerryAnne Chebet and Caroline Mutoko. God bless you

  • @cikanyoro
    @cikanyoro 2 роки тому +4

    Good Sir. Sure many people are not saving. Bt sometimes the income is barely enough to meet their needs.

    • @MoneyWiseWithRinaHicks
      @MoneyWiseWithRinaHicks  2 роки тому +1

      We just need to start with the little we get

    • @MerciJowi
      @MerciJowi 2 роки тому

      In every income you get, there's bread and seed. You must be conscious to both.

  • @THECREATORSECONOMI
    @THECREATORSECONOMI 2 роки тому +1

    Great conversation.

  • @samkimani5426
    @samkimani5426 2 роки тому +2

    Plenty of valuable information shared

  • @charlsemusina9698
    @charlsemusina9698 2 роки тому +1

    Very informative 👍👍

  • @Ceramamie
    @Ceramamie 2 роки тому +3

    Dare to be different 🙌🏽

  • @felicemwadime9491
    @felicemwadime9491 2 роки тому +3

    Exactly what I was looking for about retirement plans...very nice and educative piece.

  • @sharonmusee673
    @sharonmusee673 2 роки тому +2

    Just received my copy of Moneywise and am excited to start!

  • @brianambuyo9867
    @brianambuyo9867 2 роки тому +1

    Useful information indeed

  • @MusiliSquared
    @MusiliSquared 2 роки тому +2

    Good piece

  • @innocenttembo3434
    @innocenttembo3434 2 роки тому +1

    Great discussion topic. Thanks Rina🇿🇲

  • @fatumaraafle5098
    @fatumaraafle5098 2 роки тому +1

    Watching from garissa Kenya loved this channel helped us teaching how to invest money and it's not too late to do what you like in life thanks for your courage and motivating us

  • @evamutile6977
    @evamutile6977 2 роки тому +1

    I have loved this conversation. I need to start thinking of how I can start saving for my pension going forward.

    • @cikumainone
      @cikumainone 2 роки тому

      Maaanze. Have to watch it again

  • @ACFChurchGatuikira
    @ACFChurchGatuikira 2 роки тому +1

    We definitely need to see a shift in saving and investing culture especially for retirement.

  • @ngongukiarie8797
    @ngongukiarie8797 2 роки тому +3

    I feel very challenged

  • @graceatieno7264
    @graceatieno7264 2 роки тому +3

    What are some of the best retirement schemes to invest in?