Where do I begin when it comes to Retirement?

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  • Опубліковано 28 сер 2024
  • In today's Money-Wise LIVE session I hosted Joseph Njuguna from Octagon Financial Services. He simply articulates retirement and pension schemes so well. Watch and subscribe!!
    #MoneyWiseKE #RetirementinKenya #Pensions #Savings #Investments

КОМЕНТАРІ • 53

  • @mosesnjuguna
    @mosesnjuguna 4 роки тому +10

    I swear Rina has changed my life....thank you

  • @cynthianafula7294
    @cynthianafula7294 3 роки тому +3

    Learnt Alot thank you Rina and Joseph this guy is authentic knowledgeable .

  • @annegichanga4000
    @annegichanga4000 3 роки тому +3

    Thank you learnt alot on what I can do hope all who watch learn too.

  • @25phyll
    @25phyll 3 роки тому +1

    If you don't mess up your budget now it will be forever messed, wow, my eyes have been opened.

  • @josephwire
    @josephwire 2 роки тому +2

    This is very nice Rinah, most people lack the knowledge about investment.

  • @songokabigael449
    @songokabigael449 3 роки тому +1

    Wow, very great content, everyone should have an opportunity to watch this.

  • @mosesnjuguna
    @mosesnjuguna 4 роки тому +3

    Wholesome video

  • @JosephineTibasabwa
    @JosephineTibasabwa 4 роки тому +4

    Very informative 👏

  • @ashakijana1273
    @ashakijana1273 Рік тому +1

    Very timely conversation.
    My question is, how many IPPs can one have especially for those who are in the informal sector/ contractual/ self employed.

  • @nguaunguau9743
    @nguaunguau9743 3 роки тому +1

    Thank you, watched it at my own time

  • @Zeff1
    @Zeff1 4 роки тому +3

    Thank you

  • @donnajoe4442
    @donnajoe4442 4 роки тому +2

    I learned alot thanks..can't wait for the tax relief episode.

  • @CoachCollo
    @CoachCollo 3 роки тому +1

    Thankyou so much for this information am opening an account this week after I do my research

  • @victormwenda522
    @victormwenda522 3 роки тому +1

    This is so informative

  • @miahwambui7515
    @miahwambui7515 4 роки тому +2

    Thank you Rina for your continous wealth in knowledge. Also educate us on Insurance. Some of us have made very bad decisions with the insurance policies

    • @MoneyWiseWithRinaHicks
      @MoneyWiseWithRinaHicks  4 роки тому +1

      We'll get there :) Thank you for watching.

    • @OctagonAfricaGroup
      @OctagonAfricaGroup 4 роки тому

      Dear Mary,
      At Octagon Africa we also offer insurance services, kindly reach us on insurance@octagonafrica.com or call us on 0709 986 017. ^EW

  • @loloaguneziagu6634
    @loloaguneziagu6634 4 роки тому +1

    Very imformative video. Thank you

  • @IGM_Dex
    @IGM_Dex 4 роки тому +2

    Good job Rina. Pension ni muhimu. I am yet to reconsolidate mine after leaving three employers in KE.

    • @MoneyWiseWithRinaHicks
      @MoneyWiseWithRinaHicks  4 роки тому

      Thank you Ibrahim. All the best as you plan to consolidate them.

    • @harrietomondi3196
      @harrietomondi3196 4 роки тому

      Hi Ibrahim, my name is Harriet I'm a pensions consultant and my work is to help clients like you consolidate their funds into one account. Kindly reach me on homondi@pioneerassurance.co.ke for our proposal. Thank you

  • @jacklineaminga903
    @jacklineaminga903 3 роки тому +1

    Wah! Word

  • @ashakijana1273
    @ashakijana1273 Рік тому +2

    That insurance thing has refused to make sense to me especially that part of,"Incase of" then in the absence of "Incase of" and the period elapsed, the money is gone. This part weakens my joints.

  • @hyllarisymon5511
    @hyllarisymon5511 4 роки тому +4

    Yaani retirement is no joke

    • @OctagonAfricaGroup
      @OctagonAfricaGroup 4 роки тому +1

      Yeees Hyllari, retirement is real and should be planned for.

  • @storiestotell
    @storiestotell 4 роки тому +2

    So informative. I do have an insurance but never thought it as an investment.
    The company I work with it does take some amount but it’s tied to give it not give based on how you leave the company. They don’t call it pension scheme.
    I wanted to ask how do I ask them to make it a pension money ??

  • @angelakemunto2923
    @angelakemunto2923 3 роки тому +1

    Very informative. Thank you Rina

  • @awardsafaris7749
    @awardsafaris7749 3 роки тому

    "Most want to work and not live" that's deep😉

  • @njokigitau3020
    @njokigitau3020 3 роки тому +3

    Thank you Rina, I have always felt there is a gap in the market around this. However I believe we need to go back to the grass roots. Are we empowering employees with the right knowledge on how the pension schemes work. As a 20 some'n year old joining a company with a nice pension scheme where say the employer matches or contributes more, all I know is money is leaving my net pay but do I understand the importance and if say I'm laid off, how do I keep off sticky fingers from touching this pension. I believe it starts with training people on this. Some will withdraw because the lack the know how and get surprised when they realize how much tax they had to pay for it.

  • @joymuriithiwanjala6193
    @joymuriithiwanjala6193 3 роки тому

    Felt soo bad seeing the cameraman in your shot severally. wondering what he thought he was shooting when his hand literally was in front of your shot. Other than that, great advice!! I have learnt a whole lot from Money wise @RinaHicks. looking forward to receiving your book soonest that I intend to be my MANUAL!!!

  • @yveqeshy
    @yveqeshy 3 роки тому +1

    please arrange for another session so many things you mentioned but didn't get to talk about

  • @lilianmutuku3035
    @lilianmutuku3035 4 роки тому +3

    Please share how to get intouch with Octagon Kenya so as to get understand where to start saving for my retirement.

    • @OctagonAfricaGroup
      @OctagonAfricaGroup 4 роки тому +3

      Hello there Lilian, thank you for your interest in our pension services, feel free to call us on 0709 986 000 or write to us on info@octagonafrica.com, or write directly to Joseph on joseph.njuguna@octagonafrica.com. We are happy to help!

  • @DorisWanjiku
    @DorisWanjiku 2 роки тому +1

    Hi, I hope there'll be more on the tax portion. Awesome conversation

  • @phillipkoteng7550
    @phillipkoteng7550 2 роки тому +1

    Assuming I have an pension plan with my employer with a retirement age of 70 years. I also have 2 other individual pension plans. Can I access my first individual pension plan at 50yrs(minimum age of access) and second individual pension plan at 60yrs and 70yrs from my employer?

  • @edithedith5207
    @edithedith5207 21 день тому

    I want to start now 😢

  • @mosesnjuguna
    @mosesnjuguna 4 роки тому +3

    Discussion was too short

  • @rosejemutai1744
    @rosejemutai1744 6 місяців тому +1

    I have a plot in town can I start building at my early 50s

  • @vickykahiga3257
    @vickykahiga3257 4 роки тому +3

    Annuity

    • @Joy_Kijaro
      @Joy_Kijaro 4 роки тому

      Hi Rina,for the pension thought the policies changed to only getting your benefits once you ACTUALLY retire as opposed to when u change employers

    • @OctagonAfricaGroup
      @OctagonAfricaGroup 4 роки тому

      Hello @Joyce Aloo,
      The law has evolved over time and actually allows room to access your benefits as follows;
      a) Exit (Resignation, Dismissal): Access of 100% employee portion and 50% employer
      portion
      b) Early Retirement / Normal Retirement: 1/3 Lump sum and 2/3rd accessible as
      pension.
      c) Ill-Health Benefits: Payable subject to approval and submission of a medical
      report on the basis of mental or physical disability.
      d) Emigration : Full benefits subject to relocation, proof of citizenship and approval
      by trustees and the regulator
      e) Transfer of Benefits : Benefits subject to the rules of the new fund NOT taxable
      on transition.

  • @josephodeny1777
    @josephodeny1777 3 роки тому

    Nssf has a product for voluntary contribution and there is no limit.Please visit them and start your saving

  • @winfridahkasonde6811
    @winfridahkasonde6811 5 місяців тому

    Am 56 retirement is at 60 no investment what should I do.

  • @mosesnjuguna
    @mosesnjuguna 4 роки тому +3

    I took a 5 year insurance...why are you scaring me?

    • @MoneyWiseWithRinaHicks
      @MoneyWiseWithRinaHicks  4 роки тому +2

      Insurance has an important role to play. All we were saying is that insurance should not be seen as an investment.

  • @henryonyango6431
    @henryonyango6431 3 роки тому +1

    I love your content. Very informative, but you sound disingenuous in your interviews. You're an investment banker and a director in a huge investment bank. I wonder why the things he's saying are surprising to you.

    • @egirjames6292
      @egirjames6292 4 місяці тому

      Fine, I'm ready for retirement now.