JMMB Group Rolls-Out Online Hub to Support Holistic Retirement Planning Among Jamaicans
JMMB Group recently rolled-out its online retirement hub, called Hello Future, which is designed to provide individuals with holistic retirement planning tools, resources and customized financial advice to empower persons to effectively plan for their future, at any stage of their financial journey. This comes against the background that less than 20% of Jamaica’s working population contribute to an approved retirement scheme, which makes the need for retirement planning a priority.
Camille Steer, senior corporate manager, JMMB Fund Managers shared, “Retirement is an often overlooked aspect of financial planning, which can lead to debilitating effects in one’s later life such as old age poverty and financial dependency. Hello Future seeks to bridge this gap in retirement planning for individuals by providing the resources in the form of blog articles and videos, tools and support, so persons can make the step towards planning for the future they desire.”
The JMMB retirement expert added that a key aspect of retirement planning is knowing your numbers, that is, how prepared you are for retirement based on several factors, including: age, financial circumstances, income. “We are excited that persons can use Hello Future’s user-friendly retirement calculator to take the guesswork out of the process and provide them with a snapshot of their current financial situation. They can then provide their contact information to get support from a JMMB advisor in developing a customized plan, tailored to their unique needs and offer professional guidance to help them start their retirement journey or diversify their portfolio.” Steer urged individuals not to be deterred if they realize that they are off-track, “By beginning with the quantification of the desired outcome from the outset, individuals will have an accurate and realistic sense of the cost to achieve the retirement of their dreams, your next step is to take action towards creating that future.”
The launch of the Hello Future retirement hub underscores JMMB Group's commitment to enhancing financial literacy among Jamaicans; and is the first step in making retirement planning a concrete reality. The aim is to foster a culture of proactive financial management and long-term financial security, by making retirement planning tools and resources widely available. In addition to the online hub, JMMB will host a series of retirement planning sessions with the employees of a number of business entities across Jamaica, to encourage individuals to enroll in an approved retirement scheme; and will support other businesses in establishing a superannuation plan (group pension scheme) for its employees so that, together, more Jamaicans can be financially independent.
To get started on their retirement planning journey, persons can visit Hello Future at, https://hellofuture.jmmb.com/