Crises that occur out of the blue may give you a reason to borrow from your retirement plan to provide initial relief to your predicament. However, it is wise to know the risks that come with a retirement plan loan…
Nearing your retirement age is an important time to contemplate the decisions to be made in order to maintain your preferred lifestyle post-retirement. All the elements to be considered during retirement planning raises a lot of questions regarding the subject…
Comprehensive estate planning during your retirement requires you to take account of your financial needs, ensure that they are met, and provide additional safeguards. Some ways to develop this type of plan are discussed below. Purchase Long-Term Care Insurance Long…
Estate planning and retirement planning are closely related. Estate planning is when a plan is created to dictate the process of the transference of the creator’s estate to their beneficiaries posthumously. A retirement plan centers on setting retirement income goals…
Divorce and retirement are not far-apart conversations in today’s world. Divorce can be an emotionally tumultuous time due to the effort demanded going into the division of financial and physical assets. Key assets that are often targeted during these proceedings…
“Prepare your mind, not just your finances.” Financial planning is but one element of retirement. Today we focus on the psychological element. In the past, most retirement preparation has leaned towards financial planning, mainly because most of the workshops are…
Systech Limited named the best pension management system providers in 2022, during the Top 100 Digital Tech Companies Awards 2022. Catch on: Systech Limited Becomes a Member of AfICTA Much obliged to our clients who believed in us and continue…
According to a report by the International Labor Organization (ILO), over 2 billion of the global employed population, 15 years and older, is in the informal sector. In Africa alone, over 85% of the employed population is informal. Oftentimes, when…
The first step to starting up a pension fund for your employees should be learning about the costs of setting up a workplace pension. Nothing ultimately gives you the drive to push forward with something like being sure you can afford…
The retirement journey is a long and tedious one for most people. Apart from the immense research and planning that goes into it, you need to set key strategies to ensure you stick to the plan. Amongst all the strategies,…
Technological development is a crucial element to spearhead any scalable growth in business. The pension industry has over the years maximized this factor and leveraged different technologies and innovations to improve process efficiency, management and intake. Systech, is one such…
How does inflation affect pension is a pretty common question. Retirees are primarily concerned about how inflation eats up their accumulated money over time. According to research, retirees who rely on retirement benefits for survival are likely to experience the…