Skip to main content

Nzomo Mutuku, RBA: Utilizing Pension Savings for Buying a Rental Home and Health Insurance in Retirement.


This is The Home of Sugar, Spice and Everything Nice! Tune in Nairobi 94.4 • Mombasa 87.9 • Nakuru 96.0 • Eldoret 96.7 • Nyeri 90.9 • Kisumu 102.5 • Malindi 97.7. Always LIVE on ...(read more)


LEARN MORE ABOUT: Retirement Pension Plans
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
As retirement approaches, individuals often have to make crucial decisions on how to allocate their pension savings to ensure they can comfortably sustain their lifestyle. Investing in a rental house and purchasing post-retirement medical cover are two options that can provide financial security and stability during retirement. Investing in a rental house can generate stable income in retirement, allowing retirees to supplement their pension income. Rental income can help retirees cover their living expenses, pay off debts, or enjoy their leisure time. Additionally, a rental property can appreciate over time, providing retirees with the opportunity to sell their asset for a potentially significant profit. Before purchasing a rental property with pension savings, retirees must consider the associated costs and risks. They must ensure the rental property generates enough income to cover the cost of the mortgage, maintenance, and other expenses. Retirees must also be prepared to handle tenant vacancies, unexpected repairs and maintenance costs, and fluctuating interest rates. Another important aspect of retirement planning is purchasing adequate health insurance coverage. Retirees must consider post-retirement medical expenses, which can be significant, and may even exceed the value of their pension savings. Health insurance policies can help protect retirees from these expenses, as well as provide peace of mind knowing that any unexpected medical costs will be covered. Retirees must choose policies with suitable coverage levels and premiums that fit their budget. They can also explore options like Medicare, which provides coverage for medical costs, including hospital and physician services, prescription drugs, and preventive care. In conclusion, investing pension savings in a rental property and purchasing post-retirement medical coverage can provide significant financial benefits in retirement. However, retirees need to weigh the associated costs and risks thoroughly and seek professional advice to ensure their financial security is protected. With proper planning, retirees can enjoy their retirement years without financial concerns. https://inflationprotection.org/nzomo-mutuku-rba-utilizing-pension-savings-for-buying-a-rental-home-and-health-insurance-in-retirement/?feed_id=82713&_unique_id=6424ffd520150 #Inflation #Retirement #GoldIRA #Wealth #Investing #RadioMaisha #SituationRoom #Spicefm #SpiceKenya #SpiceRadio #VybezRadio #RetirementPension #RadioMaisha #SituationRoom #Spicefm #SpiceKenya #SpiceRadio #VybezRadio
Labels:

Comments

Post a Comment

Popular posts from this blog

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their
Post a Comment
Read more

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'
Post a Comment
Read more