Dynamics in investing: Pitfalls to avoid when exploring investment opportunities
The purpose of investing is to have financial independence and grow your wealth over time. However, you need to be aware of the dynamics that go into investing to avoid massive losses or risks. As an investor, you could be evaluating different investments and wondering how best to select. You could also be in a […]
Financial planning: What steps should I take to cut uncertainties this year?
New Year celebrations saw most of us throng social media spaces with ideas, snippets, savings challenges and ways to have a semblance of financial stability amid the challenging economic environment in the country. Did January zoom by or is it just adulting hitting hard? Either way it is never too late to focus on your […]
Will my savings cover retirement expenses or I should supplement?
Every individual must go through 3 distinct phases in their financial lives. A dependant phase, this typically is at the beginning and end of one’s natural life. The first dependant phase is hard to escape as one is a minor and must develop into a space where they can fend for themselves. The second one […]
Why strategic planning is the cornerstone of good leadership
It is still early in the year and like most people, you may have already planned for it or have a New Year’s resolution planner. The idea of planning can serve a great deal and if followed to the letter, it can lead to a tremendous change in your personal life or business. Planning is […]
What should I consider before adding someone to trust deed?
In Kenya, Trust Deeds are widely recognized for their pivotal role in pension administration and safeguarding individuals’ retirement funds. However, beyond their conventional application in pensions, Trust Deeds also offer valuable avenues for effective estate planning. Family Trusts gained legal recognition in Kenya in 2021 with the enactment of the Trustees (Perpetual Succession) (Amendment) Act. […]
Term or whole life? What to consider before picking either of the insurance covers
By just being alive, we tend to be exposed to diverse risks. From slipping in the shower to sudden unforeseen ailments, not to mention however careful a driver one is, the risks that come with just being behind the steering wheel. One cannot be careful enough as there are many factors beyond our human control. […]
Retirement planning: What kind of health safety net do I need?
Retirement marks a significant turning point in the lives of individuals, a transition towards freedom and leisure. However, amidst the joys of retirement lie a multitude of health concerns, prevalent among the aging population, commonly referred to as Aging-Associated Diseases. Such conditions may range from arthritis and musculoskeletal diseases, diabetes and hypertension to cataracts and […]
Ways to reduce relatives’ financial reliance without severing relations
Question: Over the last few years, as the economic hardships have increased, several members of my extended family have become reliant on me. It has driven me into financial depression. How do I best end this without severing relations? As I write this, I acknowledge the profound role our extended family plays in our African […]
Retirement planning: Why should I consider fixed annuity contracts?
A little while ago, a conversation on retirement came up as my family and I were having the usual Sunday family lunch. The conversation elicited a lot of opinions, ranging from when we should start having a solid retirement plan to the various options we have at retirement. According to several financial advisors, the best […]
Last expense cover: Why it is essential for end-of-life planning
When it comes to the demise of a loved one, we are never prepared, yet death is an inevitable part of life. Be it natural, accidental or due to an illness its financial implications often catch families off guard. In the midst of grief, the last thing anyone wants to worry about is how to […]
