The Need for Retirement Planning

Opinion / Decision-making and Valuation

The Need for Retirement Planning
samuel Omotoso, Member, Career Consultant, Nigeria

In Nigeria, due to poverty and other socio-economic factors, employees develop phobia for retirement from paid active job. The result of sustainable plans to cope with retirement has always been.

What is retirement planning all about?

Retirement planning is the thought and commitments that you put into providing for income and a satisfactory lifestyle for your later years after you leave the workforce. If you have not thought about your retirement before, you must start to think about it now.

You need to seriously think about the decision you will make for the next several years.

Retirement planning is a process. It is like a continuum which starts from a point and moves through to the end of that continuum and may transit to another starting point again.

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