Early planning for retirement is critical because it typically takes many years to accumulate the necessary funds to live comfortably when you no longer enjoy the advantages of a salary. If you begin your investing early in your working life, it will allow funds to accumulate and grow over the subsequent decades, so that you have substantial resources for navigating your retirement years. One need not depend on the government programmes to cater for their retirement. The NSSF Act, 2013 is intended to ensure that Kenyans can save for retirement. Retirement Benefits Authority introduced the Mbao Pension Scheme to target all Kenyans. These are some of the efforts by the government to ensure Kenyans plan for their retirement.
No matter how much you want to keep working for your entire life, it is no excuse to not save for retirement. Having that money handy prepares you in case you retire earlier than anticipated. Retirement is something that’s fairly easy to put off and worry about later, especially when you are young. After all, everything will sort itself out in the end, right? Well… what if it doesn’t? What’s your plan then? Retirement planning will sensitize participants to proactively and strategically plan for their retirement needs. The course is designed to facilitate a smooth transition to the new phase in life. An employee who starts saving early can also retire early in comfort.
Financial life cycle
Components of Retirement Planning
Financial Planning Options
All candidates must follow the application steps where they provide their details and select units. An invoice will be sent to the email address of the applicant with payment instructions.