Learn the basic steps needed to plan for your retirement.
One of the greatest challenges that face the typical worker throughout their working life, is life after retirement. Retirement comes with emotional, psychological, as well as financial challenges that workers have to prepare for well ahead of time. Because retirement usually happens at old age, health is also an important consideration. In planning towards retirement however, most workers in the past tend to look up to the golden handshakes promised by their employers as retirement benefits, and have many times had to blame themselves for such a short-sighted vision.
With the passage of the Pension Reform Act, workers are thinking more about investing aggressively towards their retirement |
Today, with the failures experienced in public sector pension schemes as well as problems with such schemes in the private sector, there is a major paradigm shift amongst workers as to how to manage their lives in retirement. With the passage of the Pension Reform Act (‘the Act”), and the establishment of a privately managed contributory pension scheme, workers are thinking more about setting aside and investing more aggressively towards their retirement, and indeed taking control of their future.
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- Issues that Affect Retirement Planning
- How you can establish a plan
- Planning while you work
- Choosing a PFA
- Withdrawing from your RSA
- Augmenting your Company Retirement Plan
- Managing your Income in retirement
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