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.
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.
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 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_
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.
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.
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?
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.
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
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
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.
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.
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.
Wouldn't the interest from the loan eat into the interest from the mmf? Would it not make better sense to funnel money into an mmf instead of a sacco until you have reached your emergency saving goal?
Central bank of Kenya Start by opening an account with them online, but for a beginner, it's best to visit the Central bank near you for free or consult a broker at a fee.
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
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..?
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.
Thanks so much coach, much love from UGANDA 🇺🇬, i have really learnt alot from you.
This information is like gold! Thank you Susan, for sharing so selflessly!
You are much welcome.
@@susan.wanjiku_actual ans practical. I wish this was taught in school like form 1 😅
You are glowing Susan! Congratulations. I love how you always take the time to explain things to us practically. Thank you!
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
It's so practical I could cry. Good thing it's never toooo late to start
1st one nipewe likes 😊
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. 🙏
Awesome.... very practical. Thanks coach Susan.
Thanks Susan. It's never too late to start saving but i wish i had this information when i was young.🎉
Thankyou dear,this is incredibly put !
You have opened my eyes soo wide
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.
So intelligent youre caoach ...God bless you
This is so timely, Thank you 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_
Also MMF you can be tempted to withdraw some amount since you have access to your funds anytime.
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.
Thanks Coach. Very relevant for me.. keep up the great service
Coach Susan, this is very helpful presentation. Feel appreciated and thank you very much.
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.❤️
This is totally practical
Hi Coach Susan the table for the pension funds per company was not attached. Kindly check and maybe reupload the video.
Good job coach!
🎉coach just making my weekend 💯💯❤️👏
Susan this was very informative i love it . Good food for thought
So educative and happy to be here.
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?
Typically the beneficiary gets the amount
Thank you Coach, this was helpful
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.
very informative , Thank you
What happens to funds in an annuity when someone outlives their funds?
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
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?
❤
Thank you CSW❤
Very informative, thanks for sharing.
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
Thanks coach for this great information. God bless you
❤❤❤❤❤great eye opener
Well elaborate Susan , thank you
Thankyou so much Coach Susan. You have really changed my financial life
Hi Susan, doing a great job, may God bless you immensely.
Thank you Coach
This information is very useful, I had to subscribe immediately. Thanks
I am motivated and educated, sio rahisi it requires sacrifice
You are a gem. Thank you very much.
Very informative. Where have you been all this time? Good job and Thankyou
Very informative thank you
this was helpful...thank you
Thanks Susan. That's what we have in c.i.c pention scheme.
Thank you coach for the impact 😍
This was very informative
Hello thanks for your good advice.Kindly am not able to view the three pension companies suggested.
I love it here. Thanks, coach Susan
Motivated really
What income drawdown funds do you recommend? Am nearing 50 and I would like a mix of annuities and income drawdown funds
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.
Nice one!!
This is vry inspiring
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.
With an annuity of khs 5 million at 52 yrs old..... how much would the pension be at retirement of 60 yrs old?
Use the zimele calculator dear
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
hello suzan thank you for this information,,,and are there risks about this,,,?
Ugandan watching from Zambia and I am 62yrs
Advise on how I can start
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.
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.
🥰🥰🥰🥰🥰thanks for the information.
Thanks so much Susan for that
Just asking coach.. what of sanlam ..is it advisable?
Congratulations
Thank you so much coach, you are the best
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
Thank you very much
Thanks Susan
Which screen
Very insightful, the 3 companies for pension didn't display on screen
Pinned on top of the comment section.
Coach Susan, what if you die before then, what happens to your savings
Hallo Susan,would you advice someone to take a loan from saccos and invest in money market funds
Wouldn't the interest from the loan eat into the interest from the mmf? Would it not make better sense to funnel money into an mmf instead of a sacco until you have reached your emergency saving goal?
❤❤
What is the best MMF to invest in? I am a huge follower of yours. I share your videos always with people that I know need to see them.
Thanks Susan for this video. Now I know that what I have is a provident fund and not a pension fund.
Hello Susan how can I contact you directly?
What about lupfund couch Susan
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.
Susan. Where is the best place to invest in bills?
Central bank of Kenya
Start by opening an account with them online, but for a beginner, it's best to visit the Central bank near you for free or consult a broker at a fee.
Hi, thanks for this. Kindly share the names of the 3 top companies you mentioned are good for retirement pension. Be blessed
Pinned on top of the comment section.
@@susan.wanjiku_
so wen are you going to put up this firms to that we can see them so that can decide which is the best
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
How can l open one
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
@815..where is the list of the companies?
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Financial Literacy!!!!
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 far do you an office where one can visit ?
Am 42 and i really want to save for my retirement which company should I use for saving my retirement
If you're already retired what's there for you?
What’s black tax?
Thank God you have no idea😂
when your family depends on *you* as their financial plan
What if I want to withdraw?
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
What happens to my money when I die within a few year after choosing annuity?