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How to prepare properly for retirement?
Ronit Hengel, director of a center for retirement management and financial support, reveals everything
"It is very important to do retirement planning and get the right pension support. Many people make mistakes because they do not have the right intention, so they pay expensive prices."
We spoke with Ronit Hengel to understand once and for all how to prepare for retirement
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Pension advice
In collaboration with Ronit Hengel
Thursday, 19 August 2021, 12:37 Updated: 12:48
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Ronit Hengel (Photo: PR)
Ronit Hengel has been dealing with retirement issues, pensions, financial solutions and ways of leveraging money, for over 27 years.
She is an expert in the process of accompanying retirement, and in accompanying the management of the finances of her many clients.
Ronit's umbrella of services is very broad: it accompanies (mostly) seniors in preparation for retirement, applying for a pension and managing their savings, in order to maximize assets and save its customers expensive taxes.
It assists its clients in the process of receiving the pension, adjusting the pension route, taxing and accompanying all the pension products for the rest of the way, and for the day after retirement.
We spoke with Ronit to understand what preparations and what actions we need to take before retirement, so that we can benefit as much as possible from the process.
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Retirement: "With the right support, the retiree will receive all the compensation he deserves"
"It is very important to understand that when you finish working and retire, you have to do the right process so as not to pay unnecessary taxes," is how Ronit opens the conversation with us. "A lot of people do not know how to do the process correctly, and as a result they do not properly spend on their finances and pay a high price."
Retirement can be a regular retirement during life or a retirement that is retirement age, i.e. the retirement age at which to retire. According to Ronit, when it comes to retirement, additional processes are needed: "Retirement should be a process of fixing rights, ie requesting an exemption from the pension according to the situation of that retiree. The calculation is a personal calculation based on that person's data, retirement grants and other specific data. "In this process, I meet more and more retirees who do not actually receive the tax deduction they deserve. It is important and worthwhile to take care of this in order to receive the tax benefit, which is worth thousands of shekels every year."
The same applies to the taxes of a person who retires from his job: "Grant of extra years, supplementation of seniority debt and more," Ronit explains. "With the professional guidance of a retirement counselor or retirement planner, you apply for the appropriate tax shelter for the purpose of obtaining income tax approvals for significant tax savings. At high income levels, these are savings of hundreds of thousands of shekels."
The retirement process is handled before the income tax and before the registration of the financial entities and in the insurance companies, it takes several weeks until the approvals and their settlement with the financial entities are received, but it is not worth stopping the pension support here; Accompaniment by professionals like Ronit, is an ongoing accompaniment - from the retirement process to accompaniment in the planning, management and handling of the client's finances even after the retirement process.
Ronit Hengel (Photo: PR)
Preliminary retirement planning even before retirement
Ronit emphasizes how important it is to start financial support even before retirement: "When a person is about to retire, he must and must prepare, because it is possible to take advance action in advance to save tax before retirement, in order to later choose better tax havens. People leaving places Their regular job, do not know how to do the right processes so they pay unnecessary and high taxes. People I met during my life who did not arrange the appropriate certifications through a professional, paid unnecessary and sometimes irreparable taxes that cannot be corrected.
"It is important to know that when we reach retirement age, The income will not be the same income we earned from the workplace, "says Ronit." Therefore, during life, we should avoid unnecessary withdrawals and tax payments, and make sure that our savings (even if they are liquid) are kept for our retirement. We need to take care in advance of products that will keep our funds liquid with the tax benefits we deserve. "
Retirement planning gives the retiree an optimal picture for the day after retirement: a broad analysis in accordance with the products of pensions, compensation, benefits, capital, pension and more.
"I recommend everyone who is approaching retirement age to do retirement planning," Ronit shares with us.
"The savings we have accumulated have different meanings in withdrawal, pension or inheritance. This is a process that reflects to the employee his situation and how to use the funds in a way that suits his needs - for pension, capital, taxation and more."
Ronit Hengel (Photo: PR)
Investments: "Money lying in the bank is a loss"
According to Ronit, a person who has accumulated additional money during his life, and they are in his bank account, must move them and do something with them: "There are many people who have money in return or deposits, inheritances, and they do not know what to do with them. "Nothing with the money and he's just lying in the bank - he loses his value and we lose him. We have solutions for that too."
Ronit Hengel (Photo: PR)
One of the tools that Ronit offers is a financial savings policy that gives that person professional management of the money, with profits that improve over the years and many other benefits that he does not receive in regular care at the bank.
"Through this policy, the customer enjoys the liquidity of the money and the capital that will be used for the rest of his life for various purposes - both young and old. Anyone can define what the purpose of the money is down the road. A financial savings policy is equivalent to real estate - all the money remains Time, it gains more and more profits over the years. "
Of course there are times when the capital market is shaking, as for example in the first half of 2020, in the corona year." In situations of turmoil in the capital market, it is important to remember to wait.
The storm passes and the market returns to itself later on, "says Ronit.
Ronit Hengel (Photo: PR)
"The purpose of the escort is to maximize the funds and profits for the clients"
Ronit Hengel has a pension license, and came to the field after years of working in managerial positions in the major insurance companies in the economy: Them in tax, and I helped people get their pension and choose the right route to their family cell
. If, for example, you want to use the funds for retirement or bequeath them, and leave liquid capital for the rest of your life, you need to know how to do it in the most optimal way in terms of taxation. That is the purpose of financial support - to maximize the profits and funds in terms of taxation for my clients. "
Ronit helps people maintain their savings with the tax benefits they have accumulated over the years and maximize their profits with the leading insurance companies and investment houses in the country. Many times it is necessary to upgrade existing savings products, lower costs, check the returns and profits of the governing bodies, plan to increase income in the future and more.
"I help those who do not know that they can receive tax benefits, such as under Amendment 190 (savings with tax benefits for retirees) or 125 D - to enjoy additional tax benefits that can be used as part of funds they have. I lead my clients with personal guidance and service regarding "All their pension assets. With my guidance, I actually help them avoid all the mistakes and wrong actions that many others make."
Ronit's offices are located in Petah Tikva and Tel Aviv, and she works throughout the central area in meetings at the office or at the client's home (almost all over the country).
Website: https://www.ronithfinance.co.il/
Facebook: https://www.facebook.com/ronithfinance
LinkedIn: https://www.linkedin.com/in/ronitfinnance/
Phone: 050-6849778
Email: Ronith.capital@gmail.com
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