It’s that time of the year again where we need to reflect on the year that’s gone by. It’s a time where we need to identify what has worked for us financially and what we should focus on in the New Year. Besides looking at our normal day-to-day financial aspects, we need to ensure that we are well covered in our retirement. “Retirement is and should be an important element in our financial journey. Whilst many leave retirement planning to the later stages in life, we urge customers to build … [Read more...] about Make your retirement a priority
Preenay Sathu
The importance of reviewing your retirement plan
A common mistake by consumers is assuming that by making monthly contributions towards their retirement savings will yield positive results. However, what tends to be overlooked is the overall performance of the funds that they invested in and whether or not the contributions are sufficient to fund their ultimate retirement goals. Preenay Sathu, Wealth Manager at FNB Wealth and Investments says, “it is important to conduct regular reviews of your retirement plan to ensure that it’s still in … [Read more...] about The importance of reviewing your retirement plan
Questions to answer to live a comfortable life post retirement
Consumers need to be cognisant of the fact that life doesn’t stop when you retire, therefore it is important to look at your retirement plan and decide at what age you would like to retire to ensure that you have contributed enough to live a comfortable life post retirement. Preenay Sathu, Wealth Manager at FNB Wealth and Investments says, “conversations about retirement should not be left until you are close to retiring. It is advisable to start planning your retirement as soon as you earn … [Read more...] about Questions to answer to live a comfortable life post retirement
Retirement plan factors to consider when changing jobs
Many people are more likely to change jobs during their working life. When this happens, individuals must consider the financial implications that comes with changing jobs, especially long-term plans such as retirement planning. Preenay Sathu, at FNB Wealth and Investments says “people change jobs for a number of reasons and in most cases when the move takes place, it has some implications on their finances. Some of the common reasons for changing jobs are career development, growth, better … [Read more...] about Retirement plan factors to consider when changing jobs
5 Points to consider when planning for retirement
We will all reach a stage where we will have to retire from our jobs. When this day eventually comes, we need to ensure that we are in a space to retire comfortably. Preenay Sathu, Head of Financial Advisory at FNB says, “We encourage consumers to start saving for retirement as soon as they start earning income. Long term thinking is encouraged when looking at retirement planning and the benefits thereof.” Sathu unpacks factors to consider when planning for retirement: Age: While the … [Read more...] about 5 Points to consider when planning for retirement
