DENOSA Head Office in Pretoria hosted a retirement seminar on 5 June where nurses nearing retirement were taken through financial planning lessons and taken through how to manage their finances responsibly.
The session was conducted by Inkunzi Investments, which took nurses between the ages of 55 to 60, which are those who are closer to retiring. Lack of prudence in managing huge cash lump sums has proven to lead one into a poor living standard.
By the age of 55, some individuals qualify to take on some of their retirement savings like retirement annuity. If this comes without proper financial planning, it can easily disappear and leave one in a poorer financial position for longer periods and with more needs that need money such as health problems as one ages.