Hi guys, Sorry the pop up for my top 3 Pension Fund Recommendations did not show on the screen. For Pension Funds, you can consider: 1. Kenindia 2. Prudential 3. GA Life For Annuities: 1. ICEA Lion You can contact Lerisque Africa to assist you with account opening for any of these accounts. Here is their email: hi@lerisqueafrica.com
1.After your pension matures & you start receiving your monthly payments...., Does it have continuity Incase you die?will your next of keen will continue receiving payments or it ends like that.
Nakupenda Sana wewe Mdada SusaniYou have completely changed my Financial Mind set. Mungu wa Yakobo na Akubariki Sana! Tuna kupata vema Sana Afrika ya Mashariki na Dunia nzima.
I agree with Coach Susan on Kenindia for pension fund because of their integrity. Britam is a powerhouse in investments, insurance, etc, but I have my reservations on it based on how they handled my insurance policy. It was quite insensitive of Britam.Soft skills and customer care, very critical.
I feel you @rosesiambe4465 and its quite regrettable for anyone to lose their hard earned shilling. However, the oversight isn't really with Britam as such but with the agent who probably did not give you all and the right information. My experience with Britam is quite fulfilling.
Coach I would really wish you address the recent opinion of one of the politician about people losing their cash on bills and bonds. Kindly address this uncertainty.
Good explanations on financial concepts around pension ecosystems ,this needs to be directed to all instituitions to make the citizens get on board ..thx susan.
Thank you Coach for your insights. My proper financial literacy journey began the day I first listened to you and so far sooooo good. Wish I got this info when I was younger.
Waah I thank God I delayed to open this account until today, because I was to do it wrongly.. mpaka walikuwa wametumia form online nijaze.thanks so much coach.
Thanks Coach! Very useful information. I am wondering - what are the benefits of choosing the pension plan over a normal MMF - over the same period of time? Lets say i keep the same deposits lets say 30 years...how will these compare in pension funds and MMF? Someone would say - for MMF - i have better control of my funds?
Pension Funds have Tax Advantages because they are long-term. With an MMF you will end up paying so much Withholding Tax, because it’s deducted monthly from the interest you earned.
When funds are long term they give the investment manager an opportunity to invest in assets which may not give returns in the short term but over the long term they outperform the short term investments @@susan.wanjiku_
Question coach, you say pension will be paid to me till I expire what if I expire a year after I retire will that be the end of my pension or my next of kin can continue to receive?
NSSF has voluntary contributions but updating their accounts, and governance of the organization is a challenge. The performance of the fund vis a viz other private funds is also not very good, infact the major issue from my opinion
Invest at a rate higher than that of inflation. If inflation in Kenya is at 7%, make sure your investments give you a return that is higher than 7% in order to get compensated for inflation. A good Pension Fund, for example, will give you an interest rate between 9-12% per annum
Insurance Agents please sell the Right Products to clients by keeping the clients' needs first and not your self greed. Let there be professionalism and Integrity when advising and profiling a prospect.
You made me open britam, am So great full, it's never too late it doesn't matter how old you're even if you're in your 40+ still you can start from there.
Thank you very much for the informative video Coach. Just two questions; 1. In the event one passes on, what happens with the money? 2. Does the money still earn interest after maturity ?
My question too........@susan.wanjiku...kindly does it have continuity....Incase someone dies..,,,will next of keen will continue to receive monthly benefits..?
Thank you, Coach Suzan, but can you elaborate more on people who aren't citizens of Kenya coz your session is about people from Kenya, so how about those interested in investing in Kenya but their from East African countries what advice would you prefer them to benefit in this sessions will also.
It is good. But incase of death what happens before that time comes . Will it be transferred to my next of kin or lt will be an extreme loss. But God forbid this to happen.
Susan talk about pension fund in MMF funds. do they offer the same service you are talking about like guranteed pension fund or Annuity, or are there risk factors in opening a pension fund in MMF
A Pension Fund and a Money Market Fund (MMF) are two different products. They may be offered by the same company but they are different investment products that serve different purposes. A Pension Fund is for retirement savings while a MMF is for short-term to medium term savings for life goals such as an Emergency Fund, School Fees, Projects, etc. You cannot use one to replace the other.
Is pension fund refundable? Lets say maybe you die before you retire or die immediately after retire even before you start receiving your monthly pension income
Yes. You must add beneficiaries to all your investment accounts. So that if you die, your beneficiaries will access the money upon presentation of your death certificate and following all the necessary legal procedures for succession
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Hi guys,
Sorry the pop up for my top 3 Pension Fund Recommendations did not show on the screen.
For Pension Funds, you can consider:
1. Kenindia
2. Prudential
3. GA Life
For Annuities:
1. ICEA Lion
You can contact Lerisque Africa to assist you with account opening for any of these accounts. Here is their email: hi@lerisqueafrica.com
Thanks Susan, I will forever be grateful for this information.
God bless you
Lerisque ni ya which company pension or annuities? Please
1.After your pension matures & you start receiving your monthly payments....,
Does it have continuity Incase you die?will your next of keen will continue receiving payments or it ends like that.
Thanks Wanjiku Maitu karama and note book book always tusome +44
My pension fund is with APA, would you recommend I move the funds to Kanindia?
Nakupenda Sana wewe Mdada SusaniYou have completely changed my Financial Mind set. Mungu wa Yakobo na Akubariki Sana! Tuna kupata vema Sana Afrika ya Mashariki na Dunia nzima.
I agree with Coach Susan on Kenindia for pension fund because of their integrity. Britam is a powerhouse in investments, insurance, etc, but I have my reservations on it based on how they handled my insurance policy. It was quite insensitive of Britam.Soft skills and customer care, very critical.
@@rosesiambe4465 i have 2 policies with britam but for the pension i would prefer another entity
Kuna shida Britam
How did they handle your insurance ?
sure i have an experience with kenindia they are good
I feel you @rosesiambe4465 and its quite regrettable for anyone to lose their hard earned shilling. However, the oversight isn't really with Britam as such but with the agent who probably did not give you all and the right information. My experience with Britam is quite fulfilling.
Thanks so much coach, much love from UGANDA 🇺🇬, i have really learnt alot from you.
It's so practical I could cry. Good thing it's never toooo late to start
This information is like gold! Thank you Susan, for sharing so selflessly!
You are much welcome.
You are glowing Susan! Congratulations. I love how you always take the time to explain things to us practically. Thank you!
Things I love to hear. Very informative. Quite timely.
The future is bright. 🙏
Coach I would really wish you address the recent opinion of one of the politician about people losing their cash on bills and bonds. Kindly address this uncertainty.
Susan, thank you so much for all that you do! You've really helped me overcome financial anxiety with your videos. God bless you!
You are much welcome! And God bless you too. 🙏
Good explanations on financial concepts around pension ecosystems ,this needs to be directed to all instituitions to make the citizens get on board ..thx susan.
Thanks Susan. It's never too late to start saving but i wish i had this information when i was young.🎉
Thank you Coach for your insights. My proper financial literacy journey began the day I first listened to you and so far sooooo good. Wish I got this info when I was younger.
Thnks Coach Suzzy ,and i have to say you r looking gorgeous ,glowing Gal keep it up
Waah I thank God I delayed to open this account until today, because I was to do it wrongly.. mpaka walikuwa wametumia form online nijaze.thanks so much coach.
Gosh! You are much welcome. This is why I do what I do.❤️
Hi Coach Susan the table for the pension funds per company was not attached. Kindly check and maybe reupload the video.
What happens to funds in an annuity when someone outlives their funds?
Thanks Coach! Very useful information. I am wondering - what are the benefits of choosing the pension plan over a normal MMF - over the same period of time? Lets say i keep the same deposits lets say 30 years...how will these compare in pension funds and MMF? Someone would say - for MMF - i have better control of my funds?
Pension Funds have Tax Advantages because they are long-term. With an MMF you will end up paying so much Withholding Tax, because it’s deducted monthly from the interest you earned.
When funds are long term they give the investment manager an opportunity to invest in assets which may not give returns in the short term but over the long term they outperform the short term investments @@susan.wanjiku_
Also MMF you can be tempted to withdraw some amount since you have access to your funds anytime.
Question coach, you say pension will be paid to me till I expire what if I expire a year after I retire will that be the end of my pension or my next of kin can continue to receive?
NSSF has voluntary contributions but updating their accounts, and governance of the organization is a challenge. The performance of the fund vis a viz other private funds is also not very good, infact the major issue from my opinion
My other question is, 100,000 today is not 100,000 20years from today. How does one mitigate this
Invest at a rate higher than that of inflation. If inflation in Kenya is at 7%, make sure your investments give you a return that is higher than 7% in order to get compensated for inflation.
A good Pension Fund, for example, will give you an interest rate between 9-12% per annum
Wouldn't the inflation rate change 20 years from today? How do you get on top of it?
❤
1st one nipewe likes 😊
Awesome.... very practical. Thanks coach Susan.
I am motivated and educated, sio rahisi it requires sacrifice
With an annuity of khs 5 million at 52 yrs old..... how much would the pension be at retirement of 60 yrs old?
What income drawdown funds do you recommend? Am nearing 50 and I would like a mix of annuities and income drawdown funds
So intelligent youre caoach ...God bless you
Coach Susan thank you so much for the info.
My question is what will happen to the pension fund after I die. Will my next of kin be getting anything?
Pension schemes have beneficiary details that you can include and also if a beneficiary is a child I assume that's an option applicable
Hallo Susan,would you advice someone to take a loan from saccos and invest in money market funds
This is so timely, Thank you coach
Hello thanks for your good advice.Kindly am not able to view the three pension companies suggested.
Thanks Coach. Very relevant for me.. keep up the great service
🎉coach just making my weekend 💯💯❤️👏
Susan this was very informative i love it . Good food for thought
Thank you Coach, this was helpful
Ugandan watching from Zambia and I am 62yrs
Advise on how I can start
Insurance Agents please sell the Right Products to clients by keeping the clients' needs first and not your self greed. Let there be professionalism and Integrity when advising and profiling a prospect.
You made me open britam, am So great full, it's never too late it doesn't matter how old you're even if you're in your 40+ still you can start from there.
Thanks coach for this great information. God bless you
This is totally practical
This information is very useful, I had to subscribe immediately. Thanks
What happens to my money when I die within a few year after choosing annuity?
Thank you very much for the informative video Coach. Just two questions;
1. In the event one passes on, what happens with the money?
2. Does the money still earn interest after maturity ?
My question too........@susan.wanjiku...kindly does it have continuity....Incase someone dies..,,,will next of keen will continue to receive monthly benefits..?
So educative and happy to be here.
Very informative, thanks for sharing.
very informative , Thank you
This was very informative
Hi Susan, doing a great job, may God bless you immensely.
Thanks Susan
Thank you, Coach Suzan, but can you elaborate more on people who aren't citizens of Kenya coz your session is about people from Kenya, so how about those interested in investing in Kenya but their from East African countries what advice would you prefer them to benefit in this sessions will also.
Thanks coach Suzan for all you do,pls I need more clarity on how to go about this for non Kenyans, thank you
Hi Suzy 👋..
Thank you so much for this great information, just asking about the ICE A LION can you recommend it to someone is it one of the best
Well elaborate Susan , thank you
You are a gem. Thank you very much.
hello suzan thank you for this information,,,and are there risks about this,,,?
Thanks Susan. That's what we have in c.i.c pention scheme.
Thank you CSW❤
Just asking coach.. what of sanlam ..is it advisable?
It is good. But incase of death what happens before that time comes . Will it be transferred to my next of kin or lt will be an extreme loss. But God forbid this to happen.
this was helpful...thank you
Missed feelings Susan!! Scared ,worried, anxious....l will make baby steps ......
MIXED feelings 🙈. On a lighter note, baby steps! Baby steps and in a few months/a year or so, you'll be grateful that you started. All the best.
Thank you coach for the impact 😍
Did not see 3 best performing firms
so wen are you going to put up this firms to that we can see them so that can decide which is the best
Am 42 and i really want to save for my retirement which company should I use for saving my retirement
❤❤❤❤❤great eye opener
Coach do pension fund earn interest, just my thought what if i continue doing my real investments then they will give me an income on retirement
Yes, Pension Funds do earn interest.
What would happen if one saves the 12,000,000 then die after two or two months after retirement things happen. Where does the money go.
To your beneficiary if you included one
If you're already retired what's there for you?
Hello coach Suzan. can i use an umbrella fund as a retirement plan in that i get a payout monthly. thank you. hellen from uganda
Susan talk about pension fund in MMF funds. do they offer the same service you are talking about like guranteed pension fund or Annuity, or are there risk factors in opening a pension fund in MMF
A Pension Fund and a Money Market Fund (MMF) are two different products. They may be offered by the same company but they are different investment products that serve different purposes. A Pension Fund is for retirement savings while a MMF is for short-term to medium term savings for life goals such as an Emergency Fund, School Fees, Projects, etc. You cannot use one to replace the other.
Very insightful, the 3 companies for pension didn't display on screen
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Motivated really
Share the list of the companies please coach
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Congratulations
Hi, thanks for this. Kindly share the names of the 3 top companies you mentioned are good for retirement pension. Be blessed
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@@susan.wanjiku_
Nice one!!
Thanks so much Susan for that
Is pension fund refundable? Lets say maybe you die before you retire or die immediately after retire even before you start receiving your monthly pension income
Yes. You must add beneficiaries to all your investment accounts. So that if you die, your beneficiaries will access the money upon presentation of your death certificate and following all the necessary legal procedures for succession
This is vry inspiring
What if I want to withdraw?
Coach Susan, what if you die before then, what happens to your savings
Thank you very much
so far do you an office where one can visit ?
Pension fund for a 50yr old.. Reccomend an insurance company..
Thanks Susan for this video. Now I know that what I have is a provident fund and not a pension fund.
Thank you so much coach, you are the best
Kindly susy my question is how can I get this money marketing fund is it in any bank or tell us the specific banks that they have this kind of savings
12:39 Insurance companies sell them and some banks.
❤❤
What about lupfund couch Susan
Financial Literacy!!!!
🥰🥰🥰🥰🥰thanks for the information.
I can't finish a day without listening Susan's videos soo informative
How can l open one
@815..where is the list of the companies?
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I love it here. Thanks, coach Susan
Where's the list of the companies?
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Please share the list. It never showed up on your screen.
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@@susan.wanjiku_thank you!
Kindly show the list of companies
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Where is the list?
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What’s black tax?
Thank God you have no idea😂