SUNBIZ

Retirement Is Reality But Planning Is The Key

Former Fiji international and French-based rugby player, Jone Qovu, is optimistic about life. He is quite realistic too. Especially, the fact that one day he will retire as a professional
24 Sep 2015 09:43
Retirement Is Reality But Planning Is The Key
Former Fiji international and French-based rugby player, Jone Qovu

Former Fiji international and French-based rugby player, Jone Qovu, is optimistic about life. He is quite realistic too.

Especially, the fact that one day he will retire as a professional rugby player.

He knows that his body can only take so much and a time will come when he will hang his boots and retire the No. 8 jersey that he has worn for most of his rugby-career.

“Yes, retirement is a reality not only for us rugby players but for all workers around the world. Planning for that day has been on our mind and in the pipeline for some time now,” he said.

Mr Qovu is now among a number of overseas-based players who have opened a voluntary account with the Fiji National Provident Fund, and invested other savings in other financial bodies.

“I am inspired by the saying that goes, it is not about how much you earn but how much you can save,” he said.

“Playing rugby is like any other form of employment, one day it will come to an end, and you would have to resort to funds that you had saved to support you at old age.

“I urge rugby players to plan their future wisely and save so that they too can have a peace of mind at retirement.”

 

Voluntary option

Saving for him had been evolutionary. He started small, saving a little along the way but not at the level that was earning him good returns.

Now, he has ventured into smart investments that will earn his money “credible rates of return”.

So, what actually drove this gentleman from Nadroga to seriously look into investing his savings?

“Some of my colleagues have played top level rugby, earned good money but haven’t saved. They have regretted this very much. I just don’t want to be caught in a similar fate,” Mr Qovu said.

“Life is like rugby, you have to invest time in training to perfect your skills to win,” he said.

He said the same was true of saving for retirement. You need to let your money grow in order to reap the benefits.

“It worries me that if I don’t save now, the efforts and sacrifices I had put into my rugby career over the years, will amount to nothing. Just memories with nothing to show for it.

“So I’m simply embracing and challenging what scares me and I’m changing my fate now by growing my savings.”

Several weeks ago, Mr Qovu turned up at the FNPF office in Sigatoka to invest some of his rugby earnings. He registered as a voluntary member and deposited a significant amount into his account.

He also gifted a portion into his wife’s FNPF voluntary account. His wife is Fiji Pearls captain and goalkeeper, Mere Rabuka-Neiliko.

Mr Qovu added: “I was recently showed an illustration of how much our investment would grow throughout the years if I invested in FNPF.

“It made me realise that if I save now, I will be able to live a comfortable retirement.

“So I made sure, my wife and I joined the FNPF Voluntary Scheme to take advantage of the attractive annual interest rates and the early retirement benefits on offer to members.

“Most importantly, I am confident that in joining the Voluntary Scheme, I’ve taken care of my family’s future, and this puts a smile on my face.”

 



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