Undoubtedly, it is important to honour one's father, whom we often look to for our family values and integrity but overlook in the place of sportsmen and celebrities.
However, we at NDB Wealth feel somewhat differently about the relevance of this very essential day, Father's Day, especially considering the new paradigm in Sri Lanka where our parents live longer and more vital lives well into retirement, so they will ultimately need much more from us than a one time costly splurge.
As such, expert financial planner NDB Wealth is advising all dutiful sons and daughters, no matter their age, to think about their parent's lives after they retire, just as your parents' saved and sacrificed when planning for your childhood, education and future.
Ask yourselves, are your parents really ready for a likely 20 plus years of post retirement living? And what more can you provide to make their lives more comfortable in the long term? Would you like them to have the financial freedom to travel or even opt for a more luxurious lifestyle?
If you feel you want to do more for your fathers and mothers, consider starting an income plan from NDB Wealth, where you make a deposit which will pay your parents a monthly allowance.
For an instance, the plan period can be from 5 to 30 years where the plan will either pay the income on your deposit or the income and part of the capital monthly.
According to NDB Wealth CEO Prabodha Samarasekera, "This Father's Day 2016 truly make this day mean something by taking the very important step of securing your parents' financial independence.
With the expertise provided by NDB Wealth's award winning team of wealth managers, you finally have access to expert advice to ready yourself, and your parents, for much of what will come in the future."
Also, it is important to know that these regular income plans even allow going beyond just generating a post retirement income for your parents.
NDB Wealth can also recommend a number of excellent options for those wanting to take their first steps into managing their own wealth.
For instance, to enable one's savings to reach their full potential, take a first step with the NDB Wealth “Money Plus” money market fund.
Its simplicity and ease-of-use makes it the best entry point to learn about smart savings, while also offering almost double what most banks savings accounts pay in Sri Lanka.
Additionally, it provides the added flexibility of allowing cash withdrawals whenever needed, to meet one's daily expenses.
Another exciting alternative is the high-impact NDB Wealth “Income Plus” fund, which provides a significantly improved rate of return when compared to traditional fixed deposits.
An ideal platform to build long-term wealth, "Income Plus" requires a one year commitment only.
Importantly, both of these funds offer the added advantage of income being credited daily so that you can watch your investment grow, with all earnings being tax free to your hands.
So, for Father's Day 2016, “It’s Time” to prepare for not only your own financial future but also that of your parents.
Photo caption : Young Fathers on NDB Wealth Team.
