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4 months ago · by · 0 comments

Τεχνολογία: Εχθρός ή Φίλος;

Οι καιροί αλλάζουν, όπως θα έλεγε και ο Bob Dylan. Όντως, η ψηφιακή εποχή ήρθε για να μείνει, φέρνοντας μαζί της πληθώρα αλλαγών στον τρόπο που ζούμε – από το πως επικοινωνούμε με τους συνανθρώπους μας, μέχρι το πως παραγγέλνουμε φαγητό, η τεχνολογία έδωσε στους ανθρώπους τον τρόπο για να αυτοματοποιήσουν τος ζωές τους και να απολαύσουν εξοικονόμηση χρόνου και καλύτερη ποιότητα ζωής. Προγράμματα όπως Facebook, Amazon, Uber και Airbnb, έχουν μετατοπίσει τη δυναμική των καθημερινών μας αλληλεπιδράσεων, και έχουν επαναπρογραμματίσει τον τρόπο με τον οποίο ζούμε και δρούμε. Το έχουν πετύχει αργά αλλά σταθερά, επιτυγχάνοντας την εν λόγω μετατόπιση χωρίς καν να το καταλάβουμε, αφού απλά πήγαμε με το τεχνολογικό ρεύμα, σε σημείο που σχεδόν κάθε άνθρωπος επί γης διαθέτει smartphone. Καλώς ή κακώς, αυτές οι τεχνολογικές εξελίξεις έχουν κάνει τα εν λόγω smartphones προεκτάσεις των χεριών μας.

Σήμερα, επικοινωνούμε με άλλους ανθρώπους πολύ πιο γρήγορα, εν συγκρίσει με 20 ή 30 χρόνια πριν. Προγράμματα άμεσης αποστολής μηνυμάτων, όπως το Messenger και το WhatsApp, μας επιτρέπουν να επικοινωνήσουμε με άτομα που βρίσκονται στο άλλο άκρο της γης με ταχύτητα φωτός – λίγα χτυπήματα στο πληκτρολόγιο (ή κινήσεις των δαχτύλων στην οθόνη του κινητού) και είμαστε εκεί. Ωραίο, ε? Αν και είμαι υπέρμαχος της ψηφιακής επικοινωνίας, βλέπω κάποια προβλήματα με αυτή την πρακτική.

Η ανάγκη των ανθρώπων να επικοινωνούν και να κοινωνικοποιούνται με άλλους ανθρώπους είναι τόσο αρχέγονη όσο και ο ίδιος ο κόσμος. Στην αρχή της δημιουργίας, οι πρόγονοι μας μαζεύονταν γύρω από τη φωτιά και μοιράζονταν ιστορίες μεταξύ τους. Με τον ίδιο τρόπο που το κυνήγι τους παρείχε τον τρόπο να μείνουν ζωντανοί δια μέσω του φαγητού, έτσι και οι κοινωνικές τους αλληλεπιδράσεις έδιναν στους προγόνους μας ένα σκοπό, ένα νόημα, ένα λόγο για να ζήσουν και να πουν την ιστορία τους παρακάτω – αυτό αποτελούσε για εκείνους τροφή για σκέψη, και ήταν εξίσου σημαντικό για την επιβίωση τους με το συμβατικό φαγητό. Τα smartphones ήταν ανύπαρκτα εκείνο τον καιρό, το ίδιο και τα μέσα κοινωνικής δικτύωσης αλλά και εφαρμογές παραγγελίας φαγητού: απλά κυνηγούσαν τη μέρα και συζητούσαν τη νύχτα.

Μπορεί να μην το έχετε συνειδητοποιήσει, αλλά το τι έκαναν οι πρόγονοι μας καθήμενοι γύρω από τη φωτιά ήταν να καλλιεργούν τις κοινωνικές τους δεξιότητες, οι οποίες ορίζονται ως η ικανότητα τους να επικοινωνούν με άλλους ανθρώπους και να τους περνούν τα όποια μηνύματα επιθυμούν. Ελάτε τώρα στη σύγχρονη εποχή, και μπείτε σε ένα δωμάτιο όπου λαμβάνει χώρα μια παρουσίαση με σκοπό την πώληση επενδύσεων. Στη μια άκρη του τραπεζιού στέκεται ένα ανώτερο στέλεχος μιας εργοληπτικής εταιρείας, και μπροστά του κάθονται αρκετά άτομα τα οποία ενδιαφέρονται στο τι έχει να πει σχετικά με ένα αναπτυξιακό έργο στο οποίο σκέφτονται να επενδύσουν. Το εν λόγω στέλεχος ξεκινά την παρουσίαση του δυναμικά, αλλά στην πορεία χάνει τα λόγια του και γίνεται προοδευτικά όλο και πιο νευρικός, αποτέλεσμα των βλοσυρών βλεμμάτων του ακροατηρίου του, καθώς και των πολλαπλών ερωτήσεων που του απευθύνουν. Ομολογουμένως, το συγκεκριμένο στέλεχος είναι από τα καλύτερα της εταιρείας του, ένα ανερχόμενο αστέρι, που όμως σπάνια αφήνει το γραφείο του, το οποίο θυμίζει πιο πολύ το πιλοτήριο ενός Boeing 777X, αφού διενεργεί όλες του τις επαφές μέσω βιντεοκλήσεων (Skype, κυρίως) και e-mails. Το IQ του είναι πολύ ψηλό, η συναισθηματική του νοημοσύνη όμως χαμηλή. Ο λόγος; Ένα πολύ περιορισμένο σετ κοινωνικών δεξιοτήτων, το οποίο επηρεάστηκε αρνητικά από την εξεζητημένη χρήση της τεχνολογίας. Η λύση; Λιγότερη τεχνολογία, περισσότερη ανθρώπινη επαφή, ίσως 1-2 σχετικά σεμινάρια (όπως για παράδειγμα το Address for Success σεμινάριο του Μιχάλη Βιράρτη), προς καλλιέργεια των κοινωνικών δεξιοτήτων κάποιου ενδιαφερόμενου. Αυτές οι συγκεκριμένες δεξιότητες, όταν κάποιος τις κατέχει, λογαριάζονται ας συμπληρωματικές των οποιωνδήποτε τεχνικών δεξιοτήτων που αποτελούν μέρος της εργαλειοθήκης κάποιου, συμπεριλαμβανομένων και των δεξιοτήτων που αφορούν τη χρήση της τεχνολογίας.

Δεν μπορούμε να παραμείνουμε οπισθοδρομικοί, όπως δεν μπορούμε να παραμελήσουμε τις διαπροσωπικές μας ικανότητες και δεξιότητες, οι οποίες μας καθορίζουν ως ανθρώπους, όπως έχει εξηγηθεί πιο πάνω. Το τι μπορούμε να κανονικά σε αυτή την εποχή της ραγδαίας τεχνολογικής ανάπτυξης είναι να αντλήσουμε τα καλά και από τους δυο κόσμους, κάνοντας σωστή χρήση της τεχνολογίας σε συνδυασμό με το σωστό βαθμό αλληλεπίδρασης με άλλους ανθρώπους. Η τεχνητή νοημοσύνη είναι πραγματικότητα, μα δεν θα μπορέσει ποτέ να αντικαταστήσει την ανθρώπινη νοημοσύνη, είτε αυτή είναι η συμβατική, είτε η συναισθηματική, είτε οποιαδήποτε άλλη μορφή νοημοσύνης. Και, όσο αφορά τον ασφαλιστικό τομέα, μπορεί να έχουμε υιοθετήσει την τελευταία λέξη της τεχνολογίας στην εξυπηρέτηση των πελατών μας, μα δεν υπάρχει αντικατάστατο του να πας με έναν πελάτη για καφέ ή γεύμα, να τον βλέπεις στα μάτια ενόσω ανταλλάζεις μαζί του ιδέες και απόψεις, και να χωρίζετε εν μέσω μιας δυνατής χειραψίας ή μιας εγκάρδιας αγκαλιάς. Κανένας υπολογιστής στον κόσμο δεν είναι ικανός να αναπαράξει αυτό το συναίσθημα, αφού δεν διαθέτει εκείνα τα τόσο σημαντικά χαρακτηριστικά τα οποία καθορίζουν τους ανθρώπους και τις προσωπικότητες τους: ενσυναίσθηση, κριτική σκέψη, διορατικότητα, και διαφορά άλλα τα οποία διαχωρίζουν τον άνθρωπο από τη μηχανή.

Για να δείτε πως τα προϊόντα της EuroLife μπορούν να σας βοηθήσουν να επιτύχετε στη σημερινή ψηφιακή εποχή, μπορείτε να επικοινωνήσετε με τον κ. Στάθη Στασή (Εγκεκριμένος Χρηματοοικονομικός και Ασφαλιστικός Σύμβουλος και μέλος MDRT*) στο 99531119 ή με e-mail στο info@stathisstasis.com. Για περισσότερες πληροφορίες σχετικά με μια ευρεία γκάμα επιλογών προγραμματισμού ζωής, επισκεφθείτε την ιστοσελίδα του: www.stathisstasis.com.

*Τι είναι το MDRT: Το Million Dollar Round Table είναι το πρότυπο της ασφαλιστικής αριστείας, τα μέλη του οποίου κρίνονται βάσει υψηλών και αυστηρών κριτηρίων παραγωγής, ηθικής και επαγγελματικής δεοντολογίας.

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8 months ago · by · 0 comments

Γιατί οι άνθρωποι δεν αφυπηρετούν

Πριν κάποια χρόνια, ο κόσμος συνήθιζε να δουλεύει για μια εταιρεία για όλη του την εργασιακή ζωή, κι έπειτα αφυπηρετούσε παίρνοντας ένα παχουλό κομπόδεμα και μια σύνταξη η οποία τους επέτρεπε να ζήσουν το υπόλοιπο της ζωής τους πλουσιοπάροχα.

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11 months ago · by · 0 comments

«Από ΄σένα εξαρτάται»

“Επαγγελματική εμπιστοσύνη”. Ακούγεται ωραίος ο όρος, μα τι σημαίνει ακριβώς το να τον μετουσιώνεις στην πράξη; Ας το δούμε με ορισμένα παραδείγματα.

Είσαι δικηγόρος ο οποίος αντιπροσωπεύει έναν πελάτη. Η επαγγελματική σας σχέση μόλις έχει ξεκινήσει και η υπόθεση που χειρίζεσαι είναι πολύ σημαντική. Κανονίζεις μια σειρά από συναντήσεις για να αφουγκραστείς τα γεγονότα που πλαισιώνουν την εν λόγω υπόθεση. Καλλιεργείς τη σχέση σου με τον πελάτη.

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1 year ago · by · 0 comments

Ενσυναίσθηση. Πώς ορίζεται;

Ενσυναίσθηση. Πώς ορίζεται; Ακούω διάφορους σχετικούς ορισμούς τον τελευταίο καιρό, μα αυτός ο οποίος μου έχει κάνει την πιο πολλή εντύπωση είναι ο ακόλουθος: ‘ενσυναίσθηση είναι να μπαίνεις στα παπούτσια κάποιου, να περπατάς σ’ όλη την πόλη, κι έπειτα να δηλώνεις πως, αν τα εν λόγω παπούτσια δεν εφαρμόζουν στα πόδια σου, τότε θα προσαρμόσεις τα τελευταία ούτως ώστε να σιγουρευτείς πως η εφαρμογή θα είναι τέλεια’. Μπορείτε να πλάσετε την εικόνα στο μυαλό σας, έτσι;

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1 year ago · by · 0 comments

Privacy Policy

Privacy Policy

Effective date: June 18, 2019

Stathis P. Stassis (“us”, “we”, or “our”) operates the http://www.stathisstasis.com website (the “Service”).

This page informs you of our policies regarding the collection, use, and disclosure of personal data when you use our Service and the choices you have associated with that data. Our Privacy Policy for Stathis P. Stassis is created with the help of the Free Privacy Policy Generator.

We use your data to provide and improve the Service. By using the Service, you agree to the collection and use of information in accordance with this policy. Unless otherwise defined in this Privacy Policy, terms used in this Privacy Policy have the same meanings as in our Terms and Conditions, accessible from http://www.stathisstasis.com

Information Collection And Use

We collect several different types of information for various purposes to provide and improve our Service to you.

Types of Data Collected

Personal Data

While using our Service, we may ask you to provide us with certain personally identifiable information that can be used to contact or identify you (“Personal Data”). Personally identifiable information may include, but is not limited to:

  • Email address
  • First name and last name
  • Phone number
  • Address, State, Province, ZIP/Postal code, City
  • Cookies and Usage Data

Usage Data

We may also collect information how the Service is accessed and used (“Usage Data”). This Usage Data may include information such as your computer’s Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our Service that you visit, the time and date of your visit, the time spent on those pages, unique device identifiers and other diagnostic data.

Tracking & Cookies Data

We use cookies and similar tracking technologies to track the activity on our Service and hold certain information.

Cookies are files with small amount of data which may include an anonymous unique identifier. Cookies are sent to your browser from a website and stored on your device. Tracking technologies also used are beacons, tags, and scripts to collect and track information and to improve and analyze our Service.

You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some portions of our Service.

Examples of Cookies we use:

  • Session Cookies. We use Session Cookies to operate our Service.
  • Preference Cookies. We use Preference Cookies to remember your preferences and various settings.
  • Security Cookies. We use Security Cookies for security purposes.

Use of Data

Stathis P. Stassis uses the collected data for various purposes:

  • To provide and maintain the Service
  • To notify you about changes to our Service
  • To allow you to participate in interactive features of our Service when you choose to do so
  • To provide customer care and support
  • To provide analysis or valuable information so that we can improve the Service
  • To monitor the usage of the Service
  • To detect, prevent and address technical issues

Transfer Of Data

Your information, including Personal Data, may be transferred to — and maintained on — computers located outside of your state, province, country or other governmental jurisdiction where the data protection laws may differ than those from your jurisdiction.

If you are located outside Cyprus and choose to provide information to us, please note that we transfer the data, including Personal Data, to Cyprus and process it there.

Your consent to this Privacy Policy followed by your submission of such information represents your agreement to that transfer.

Stathis P. Stassis will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this Privacy Policy and no transfer of your Personal Data will take place to an organization or a country unless there are adequate controls in place including the security of your data and other personal information.

Disclosure Of Data

Legal Requirements

Stathis P. Stassis may disclose your Personal Data in the good faith belief that such action is necessary to:

  • To comply with a legal obligation
  • To protect and defend the rights or property of Stathis P. Stassis
  • To prevent or investigate possible wrongdoing in connection with the Service
  • To protect the personal safety of users of the Service or the public
  • To protect against legal liability

Security Of Data

The security of your data is important to us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While we strive to use commercially acceptable means to protect your Personal Data, we cannot guarantee its absolute security.

Service Providers

We may employ third party companies and individuals to facilitate our Service (“Service Providers”), to provide the Service on our behalf, to perform Service-related services or to assist us in analyzing how our Service is used.

These third parties have access to your Personal Data only to perform these tasks on our behalf and are obligated not to disclose or use it for any other purpose.

Links To Other Sites

Our Service may contain links to other sites that are not operated by us. If you click on a third party link, you will be directed to that third party’s site. We strongly advise you to review the Privacy Policy of every site you visit.

We have no control over and assume no responsibility for the content, privacy policies or practices of any third party sites or services.

Children’s Privacy

Our Service does not address anyone under the age of 18 (“Children”).

We do not knowingly collect personally identifiable information from anyone under the age of 18. If you are a parent or guardian and you are aware that your Children has provided us with Personal Data, please contact us. If we become aware that we have collected Personal Data from children without verification of parental consent, we take steps to remove that information from our servers.

Changes To This Privacy Policy

We may update our Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page.

We will let you know via email and/or a prominent notice on our Service, prior to the change becoming effective and update the “effective date” at the top of this Privacy Policy.

You are advised to review this Privacy Policy periodically for any changes. Changes to this Privacy Policy are effective when they are posted on this page.

Contact Us

If you have any questions about this Privacy Policy, please contact us:

  • By email: info@stathisstasis.com
  • By phone number: 99531119

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1 year ago · by · 0 comments

ΤΟ ΚΟΣΤΟΣ ΤΟΥ ΝΑ ΖΕΙΣ… ΠΕΡΙΣΣΟΤΕΡΟ

Είναι η καλύτερη εποχή για να είμαστε ζωντανοί! Το προσδόκιμο ζωής είναι μεγαλύτερο, οι άνθρωποι απολαμβάνουν περισσότερο τη ζωή, και επικρατεί μια αυξητική τάση στο να επενδύει κάποιος πιο πολύ σε εμπειρίες παρά σε υλικά αγαθά. Η ζωή είναι ωραία στον 21ο αιώνα, και φαίνεται πως θα συνεχίσει να είναι έτσι για πολύ καιρό ακόμη.

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1 year ago · by · 0 comments

Time off feature

As far back as I can remember, I always wanted to perform to the best of my abilities. Call me a high achiever, or a guy that is constantly on the lookout for means of improving himself, constantly conquering new frontiers, and you wouldn’t be far from the truth. After all, I fully embrace the philosophy that a person can never stay stagnant in terms of knowledge and skills acquisition – do so, and you will die a very unfulfilling death, they say, and they are not far from the truth either!

Starting off at a very young age, I was bit by the athletics bug. I have represented Cyprus in multiple occasions abroad, winning several times the Bruno Zauli Cup in European competitions. I was also placed 4th in the 1997 Mediterranean Games that were held in Bari, Italy, and I even managed to reach the semi-finals of the 1997 World Championship in Athletics, in track and field. Moreover, I have won many Panhellenic and Pancyprian track and field competitions, in the categories of 1.500m, 5.000m and 3.000m steeplechase. The incredible experience of competing at an Olympic level, along with the ferocious pressure that came with it, helped to mould my personality into one that constantly seeks perfection, in all respects. That’s how my quest for peak performance came about, and that’s why some years down the road I traded my sports trainer for a mental coach!

After doing a 2-year stint with Bentley Motors in the position of Sales Manager, I joined Eurolife in 2006 as a Business Insurance Advisor. As my role entailed interacting with clients to a considerable extent, I knew that I needed to be on top of my game. I started devouring self-help books, one after the other. My all-time favourites are Tools of Titans by Tim Ferriss, Crushing It by Gary Vaynerchuk and This Is Marketing: You Can’t Be Seen Until You Learn to See by Seth Godin. I put their principles to practice every single day that I go out and “compete” in the corporate arena. And, every now and then, I “steal” some time from my day, pop into a bookshop and restock on mental fuel!

I am also powering up my mental torque through one-on-one mentoring with Michael Virardi. Having a mental coach by your side, is equally important as having a conventional one when you do sports – they both help you perform to the best of your abilities, irrespective of the task at hand. You are being taught what the best mindset is for your own, unique circumstances, how to employ it and, more importantly, how to maintain it through the years and the challenges they carry.

I was also lucky enough to attend one of Tony Robbins’ signature workshops fifteen years ago, in London, his Unleash the Power Within (UTPW), which is topped off with a firewalk, a challenge where participants/true believers, walk on hot charcoal! I went in a certain person and left a different one, I can tell you that!

As for my daily training regime, this comprises 20-30 minutes of rigorous full-body exercise, based on the guidelines of the Hour of Power, a very popular training regime that I am sticking to it religiously. Getting my blood pumping first thing in the morning, then jumping into the shower, suiting up and leaving for work with a string in my step, works wonders for my day.

I am not one to brag about a wall of fame full of accolades – after all, I strongly believe that modesty is one of the greatest virtues a person can possess, even more so when that person is a professional who is interacting with clients on a daily basis. As one proverb goes, “work hard in silence, let your success be your noise”. That “noise” for me echoed recently, in the form of my admittance to full membership of the Million Dollar Round Table (MDRT), an Association that is recognized internationally as the standard of excellence in the life insurance and financial services business. The criteria for membership centre on the adherence to strict ethical standards and to a professional code of conduct that is second to none in terms of what it requires its members to conform to, in order to prove themselves that they are indeed worthy of this prestigious membership. I can say, in full confidence, that joining the MDRT would not be possible if not for my constant pursuit of peak performance, a path that, in my opinion, is also aligned with one’s own quest to find happiness. The one leads to the other and, in this vein and after 30 odd years of going down that road, I can positively say that I am on the right path. As one of my favourite entrepreneurs, Gary Vaynerchuk, famously said, “the truth is that, finding happiness in what you do every day, is so imperative”, and his words couldn’t resonate more with my psyche and align more with my daily modus operandi!

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2 years ago · by · 0 comments

Educational Horizon : Care for your children’s future before you need to.

They say that time is horizontal. First we are born, then we start getting older. With each passing minute, we move forward in the journey of life, going past certain chronological milestones.

When we are born, we are at the infancy stage of our lives. We are cared and groomed and fed and taken care of by others. We feel like the little kings we are, and we don’t want to grow out of our diapers just yet.

Then we go through childhood, still being looked after, still little kings, although life has now started placing certain demands on us, such as to put on our clothes by ourselves, do well in school, make our beds and go to the latter when asked to. We like the autonomy that comes with it, but still prefer the carefree phase we enjoyed at infancy.

A decade down the road comes adolescence. Now, this is a stage where everything on and within us changes. We start feeling rebellious for no apparent reason and there is a great deal of exploring in which we indulge. We realize that there is a lot to be learned about the world, so we set sail to find out as much as possible. In this journey of ours, we are mostly independent, by personal choice, but there are times when we wish that somebody tucked us in at night, like when we were younger. An occasional tear may accompany our thoughts, but we make sure to quickly wipe it off our face so as to uphold our rebellious reputation.

Enter adulthood. A new era has dawned for us, one where we can drive a car, vote, open our own bank account and take out a loan to buy a house. We are now considered full-fledged adults, with all the rights and responsibilities that come with the title. One such responsibility that we set course to fulfill once we reach adulthood, is to obtain a university degree, which is nothing less than the best kind of insurance that we can take out on life itself. After all, a university degree carries the promise, if not the guarantee, of future employment. Once we are employed, then our adult life takes shape, our goals start coming to fruition, our possibilities increase exponentially. We realize that, and we are excited about going to university. We may be grown ups now, but we turn to our parents for the one thing that we need the most at this juncture, second only to their love – financial aid. They look at us with sad eyes and an even sadder heart. They knew that this time would come, eventually, but they did not plan for it. The university entry application must now be accompanied by another application; that of a student loan.

Parenthood. The greatest, most life-affirming milestone of them all. We made it to this point, having graduated from university and with a job that pays well under our belt. We live on rent, until we can manage to get a mortgage. Before that, another loan has to be paid first – our student loan, so our own house has to wait a few years. It is what it is, so we don’t spend much time crying over it. Instead, we opt to invest our time in looking deep into our babies’ beautiful eyes. They are big and crisp and innocent and they look back in puzzlement. They don’t know yet what the horizon ahead holds for them. We do.

ORIZONTAS. Care for your children’s future before you need to.

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2 years ago · by · 0 comments

The road to a Rich Retirement!

The classic image of retirement is someone sitting on a beautiful beach with his or her life-long partner — perhaps somewhere in the middle of the Mediterranean — enjoying all the financial benefits of a long and rewarding work career. For that dream to become a reality, though, you have to start planning now. Choices made early in life — as early as your 20s – have enormous implications for the size of your retirement nest egg. With that in mind, you need a road map for future success. The road to a rich retirement starts in your early 20s. You may not have reached the peak earnings of your career, but you have something else in your favour – the time value of money.

There are a number of retirement products that can take advantage of the long time horizon until retirement age. Most financial advisers recommend that young investors take a more aggressive risk/reward profile, using products such as an equity growth fund.

At an early age, your focus should be on capital appreciation, not on income.As you progress into your late 20s and early 30s, though, you can start readjusting the risk/reward profile of your investment portfolio. You also need to be keeping an eye on your overall debt levels. Be sure to pay down credit card debt, start making a dent in any student loans, and begin planning to protect any financial assets you may have. At this age, for example, you may already have a house and a growing family, and will need to take steps to protect them against potential loss.

Then, as you move into late 30s and early 40s is when you might want to hire a financial adviser to help sort out your options. At this point in life, you need to think about the right asset allocation mix and about your long-term investment strategy for a rich retirement. As you get older, you’ll want to take on a more conservative investment profile, shifting out of growth funds into balanced funds. You’ll also need to pare down your debt and spending, using any extra savings to reinvest into a pension fund or other retirement investment product.

It’s when you get into your 40s and early 50s, that you’ll really want to make sure that your investment portfolio is built for the long term. You’ll want to keep building your portfolio so that it can support as much as 30 years of retirement. Since you’re now likely in the peak period of your earnings, you’ll also want to transfer any pay raises or bonuses into your retirement savings to give them an extra lift.

Finally, as you head into retirement age and start hitting your 60s, you’ll want to make sure that you have enough cash and income for retirement. Since your work years are now most likely behind you, you may want to start thinking in terms of annuities and guaranteed cash flow streams that can support you and your spouse in retirement. As an added concern, you’ll want to make sure that any debt – especially any mortgage debt – is now under control.

With this long-term investment strategy, you’ll be well on your way to a rich retirement. If all goes according to plan, the money that you saved in your 20s and 30s will have compounded over time, giving you a stable source of cash and income later in life. And, depending on how well global financial markets are doing when you retire, you might just have enough cash to splurge on that mythical Mediterranean vacation after all.

To see how the implementation of Eurolife’s Occupational Pension Plan may benefit your organization and your employees you can contact Mr. Stathis Stasis , Certified Financial Advisor at +00357 99 531119 for a comprehensive consultation

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2 years ago · by · 0 comments

The Occupational Pension Plan and why it matters .

We have all heard of that old adage that goes “look after the pennies and the pounds will look after themselves”. The meaning behind it is that, if you start saving small amounts of money, then you will manage to accumulate a significant amount over time. This holds true for putting money in a piggy bank – when it fills up and you break it, you will be holding in your hands a lump sum. What you get is what you’ve put in. On the other hand, if you decide to put that same money in a professional investment plan, such as an Occupational Pension Plan, then it is likely that you will get all the pennies that you’ve put in, and then some, a by-product of the investment mechanism of said plan.

We spend most of our adult lives trying to make a living. We work and earn wages and provide for our families on a day-to-day basis. Do we handle our hard-earned money wisely, though? Do we put aside a certain amount each month so as to build up a nest egg that will come in handy in the future? We most certainly should, as a nest egg is what makes our years past the retirement mark golden.

Saving up for the future is very important, and such can be done voluntarily or through the organization that one works for, assuming that the latter has provided for such a savings’ infrastructure. This is where Eurolife’s Occupational Pension Plan (“EOPP”) comes into play and enables the formation of such a nest egg to become a reality.

By opting to go with EOPP, the organization puts in place a savings scheme through which both the employer and the employee can contribute a certain amount of money in the latter’s dedicated account. As the employee’s contribution will also be tax-deductible up to the amount that, together with other tax-allowable contributions such as Social Insurances, forms one sixth (1/6) of the gross annual income earned (before income tax but after any tax-allowable deductions, such as verified donations, professional subscriptions and the sort), the benefits are actually more than meet the eye.

As Warren Buffett famously said, “risk comes from not knowing what you are doing”. With EOPP, all the contributions that flow into employees’ accounts are invested through highly-knowledgeable and world-renowned investment experts, such as Goldman Sachs, J.P. Morgan, UBS and BlackRock, to name a few. And if this wasn’t enough, the employee gets to choose between a “hands on” and “hands off” approach when it comes to investing his/her funds – with the first option, he/she has a say on how the funds are invested, depending on his/her risk appetite, while with the second option, he/she leaves the management of said funds to the expert hands of the investment advisors who handle them based on the “lifestyle” option selected by the employee, again depending on risk (low, medium and high). By being “hands on”, employees are more involved with their money, while by being “hands off” they delegate this involvement to someone else, thus saving up on time, on top of doing so on money!

Opting for an EOPP as an organization has many benefits for the latter’s workforce, but what are the advantages for the organization itself? Let’s outline the most important ones:

  • Attract and retain talent – ambitious professionals that are in for the long-run seek companies that offer long-term benefits, such as a Pension Plan, and current employees are more motivated in their employment as they feel and appreciate the savings being amassed with each passing month that they are with the organization.
  • Tax-deductibility – the contributions made by the organization are deductible from the latter’s gross revenue, up to an amount equal to 10% of the gross salary of each employee.
  • Flexibility in devising and operating the EOPP – as the Plan is highly-adaptable from the get-go, the organization can choose how best to design it by gauging a plethora of parameters so as to meet the desired goals.
  • Prestige – having a Pension Plan in place sends all the right signals to the market; that you care about your employees by looking out for their future and the financial security embedded in it.

When all is said and done, having a Pension Plan in place is a prerequisite to maintaining a highly-motivated and committed workforce; that extra benefit that will persuade your employees to go the extra mile for the organization. And, extra, pays off in the end. It always does.

Be the organization with that certain extra, not the one without it.

To see how the implementation of EuroLife’s Occupational Pension Plan may benefit your organization and your employees you can contact Mr. Stathis Stasis, Business Insurance Advisor, at 99-531119 for a comprehensive consultation.

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