It is said that you have to set aside at least one-fifth of your salary to have a sufficient income in the second half of your adult life, after retirement. The first good news is, it’s easier than you think. The second good news is that you’re pretty likely to make a million if you…

Each of the 4,050 owners of Tuleva, which will soon be three years old, has contributed 100 euros to help build a financial company unique in Estonia, born of people’s own initiative. What have we achieved with this money? Estonia’s first fintech owned by the users themselves Imagine a world in which Amazon is owned…

Everyone benefits from Tuleva, but only members earn a membership bonus, which increases their share in the membership capital of our mutual company. Who are Tuleva members and what are their rights? When you save for your pension with Tuleva, you’re part of our community. Everyone in Estonia can save with Tuleva – membership isn’t…

When saving money for retirement, the goal is clear: to grow the value of assets as much as possible by the time you retire and start living with the money set aside. The return of a few months or years is irrelevant. Summary: What counts is the long-term return over 10, 20, 30 and 40…

On average, you will pay three times less in fees with Tuleva than in other pension funds – this means more money is left for you. Our investment rules are based on best practices, which have helped people grow their savings the most. Our fund manager is owned by Tuleva members – they are pension…

About a year ago, 22 people gave each other a promise to help make pension contributions more favourable to Estonian people. These people paid the membership fee and became the founding members of the commercial association Tuleva. The founding members on their own could not have possibly built up the kind of pension funds we…

* This article is for those people with a deeper appreciation for securities market theory. If you would simply like to decide which pension fund is suitable for you, you can jump directly to the end. Suitable background music for reading is available here. Today’s Luddites are not textile workers, but rather white-collar investment bankers,…

A little more than a year ago, on the 12 April 2016, 22 people each contributed EUR 150 and, in the presence of a notary, signed memorandums of association for Tuleva Tulundusühistu. One month ago, we started up Estonia’s most affordable second pillar pension funds. The time has come to write down the most important…

Part II: What is a risk and why market fluctuations are not the pension savers’ enemy? In Part I of the Chapter, we discussed real-life scenarios which show that, in one way or another, investment is risky, as is life. Even the most brilliant analyst can only hope that his predictions will come true. This…