Planning for retirement

Retirement should be a time to sit back and enjoy the fruits of your labour. It is when you spend more time at that house you built in ushago (rural home), go on that dream vacation, play with the grandchildren, or take up that hobby you always wanted to learn but were too busy for. However, you choose to spend your time, the one thing you should not have to do is live hand to mouth.

Sadly, the reality is different. A whopping 80 percent of the Kenyan labour force is not saving for retirement. This means that when it’s time to retire, this group will not be able to sustain itself despite having worked for decades. If you do not want to fall into this category, here are a few tips on preparing for retirement: