Retirement Builder

Retirement Builder

GHS 150/month

4.7/5 (98 reviews)

The Retirement Builder is a comprehensive retirement planning solution designed to help Ghanaians prepare for their golden years with confidence. This tax-optimized plan combines smart investment strategies with powerful planning tools to ensure you can maintain your lifestyle during retirement.

Key Benefits

  • Tax-advantaged retirement savings structure
  • Choice of investment strategies based on your retirement timeline
  • Inflation protection features
  • Retirement income calculator and planning tools
  • Complements and enhances SSNIT benefits
  • Flexible payout options during retirement

Investment Strategies

  • Growth Focus: For those 15+ years from retirement
  • Balanced Approach: For those 5-15 years from retirement
  • Income & Preservation: For those within 5 years of retirement
  • Retirement Income: For those already in retirement

Retirement Peace of Mind: Our platform is fully compliant with Ghana's National Pensions Regulatory Authority guidelines.

About Retirement Builder

The Retirement Builder was developed to address Ghana's growing retirement planning gap. With traditional family support systems evolving and the cost of living increasing, proper retirement planning has become essential for financial security in later years. Our solution goes beyond basic savings to provide a structured approach to building retirement wealth.

Your retirement funds are invested in a diversified portfolio tailored to your age, risk tolerance, and retirement timeline. As you approach retirement, we automatically adjust your investment mix to preserve capital while still providing growth to combat inflation.

Retirement Planning Tools

Our Retirement Builder includes access to comprehensive planning tools that help you:

  • Calculate your retirement needs based on your desired lifestyle
  • Track your progress toward your retirement goals
  • Simulate different retirement scenarios
  • Understand the impact of inflation on your retirement savings
  • Optimize your contribution strategy for tax efficiency

Technical Specifications

Minimum Contribution GHS 150 per month
Recommended Time Horizon 10+ years (ideally start before age 50)
Target Returns Varies by strategy (8-16% historically)
Early Withdrawal Penalty 5% for withdrawals before age 55 (except for specific hardship cases)
Payout Options Lump sum, Programmed withdrawals, Annuity purchase
Required Documents Valid Ghana Card or Passport, Proof of address, Tax Identification Number

4.7

Based on 98 reviews

5 Stars
80%
4 Stars
15%
3 Stars
3%
2 Stars
2%
1 Star
0%

Joseph Mensah

April 3, 2024

At 52, I was worried I'd started my retirement planning too late. The Retirement Builder team created a personalized catch-up strategy that's realistic but aggressive enough to help me build a decent nest egg. The retirement calculator opened my eyes to what I'll actually need. Wish I'd started earlier, but I'm grateful for this structured approach.

Victoria Ampah

March 17, 2024

I started the Retirement Builder in my early 30s, which the advisor said was ideal. The automatic adjustment of my investment mix as I age gives me peace of mind, and the tax advantages are significant. I especially appreciate the quarterly webinars that explain retirement planning concepts in simple terms. My portfolio has grown by 13.5% annually over the past three years.

Kwabena Asamoah

February 8, 2024

I'm now 58 and have been using the Retirement Builder for 7 years. The performance has been good, though there was a period of market volatility in 2022 that temporarily affected returns. What I really value is the retirement withdrawal planning tools that are helping me prepare for the transition from saving to spending. Would appreciate more Ghana-specific retirement lifestyle content.

How does this plan complement my SSNIT benefits?

The Retirement Builder is designed to work alongside your Social Security and National Insurance Trust (SSNIT) benefits. While SSNIT provides a foundation, it typically replaces only about 30-40% of pre-retirement income for most Ghanaians. Our plan helps bridge this gap to maintain your standard of living. We calculate your SSNIT benefits into our retirement projections to provide a complete picture of your retirement income.

What tax advantages does this retirement plan offer?

Under current Ghanaian tax law, contributions to approved pension schemes like our Retirement Builder may qualify for tax deductions up to certain limits. Additionally, the investment growth within the plan is not subject to annual taxation, allowing for more powerful compounding over time. Upon retirement, a portion of your withdrawals may also qualify for preferential tax treatment, potentially reducing your overall tax burden.

What happens to my retirement savings if I pass away before retirement?

Your Retirement Builder includes a beneficiary designation feature, allowing you to specify who will receive your accumulated retirement savings in the event of your passing. The full value of your account would be transferred to your designated beneficiaries according to your instructions, typically without probate delays. We recommend reviewing your beneficiary designations annually or after major life events.

Can I access my retirement savings before retirement age?

While the plan is designed for long-term retirement savings, we understand that financial emergencies can arise. You can access a portion of your savings before retirement age, subject to a 5% early withdrawal penalty. However, we offer penalty-free withdrawals for specific hardship cases including critical illness, permanent disability, or home purchase for first-time buyers (limited to 50% of your account value).

How do I know if I'm saving enough for retirement?

Our Retirement Builder includes a detailed retirement readiness assessment that evaluates your current savings rate against your retirement goals. This tool considers factors like your desired retirement age, expected lifestyle, potential healthcare costs, and longevity. We recommend most Ghanaians aim to replace 70-80% of their pre-retirement income. The assessment provides a "Retirement Readiness Score" and specific recommendations to improve your preparation.

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