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Retirement planning: Why young Kenyans need private pensions
Private pensions offer a practical solution. They enable individuals to build sustainable long-term financial security through higher contributions, tax benefits, and structured payouts that help ensure financial independence.
For many young Kenyans, financial independence is an exciting milestone, whether it’s landing a first job, stepping into management, or starting a business.
The thrill of earning money often comes with lifestyle upgrades: a better house, a car, a new phone, or even buying a small parcel of land. But one crucial thing often overlooked is retirement planning.
