Financial

24 Mar

Preserve and get what you deserve in your golden years

ObserverUncategorisedFinancial, Namibia, Preservation Fund or Retirement Annuity Fund

Patricia Olivier Chief Executive Officer Old Mutual Corporate Segment Did you know that retirement planning and its benefits is all up to you? There is no legislation for example, compelling you as a member of a retirement fund, to preserve your benefits when exiting the fund upon changing an employer. In fact, currently members of retirement funds may take 100% of their retirement savings in cash and most do. Doing so however will probably add to a series of obstacles standing between you and your retirement goals which may be to retire with financial independence. Perhaps you haven’t even given…

Top 5 tips to achieve financial independence

ObserverUncategorisedElzita Beukes, Financial, FNB, FNB Namibia, independence

There are no short cuts to attaining financial freedom; it requires discipline and proper financial planning. Elzita Beukes, FNB Communication Manager, said: “Financial independence is the ability to live a financially independent life that neither relies solely on debt as a form of survival or living expenses. The main reason most people grapple with the concept of financial independence is because of a lack of discipline. “There’s no truth in the belief that you can only achieve financial independence when you are wealthy, it all depends on developing good money management skills.” In order to see the full worth of…