Investing for retirement: What you should do and what to avoid
Retirement is a phase we all will pass through hence the need to get there prepared. In Kenya, the retirement benefits industry is regulated by the Retirement Benefits Authority (RBA). Investing for retirement is different from trading because, unlike traders who reap immediate rewards from buying and selling securities, a person investing for retirement will […]
Peter Macharia opted to leave his job way before his retirement age
Milliam Murigi @millymur1 Having worked in the banking industry for more than two decades, Peter Macharia knew too well where the gaps were. That is why when an opportunity for an early retirement emerged in his company, he did not hesitate to take it up. Although his decision didn’t go down well with his family, he […]
Study reveals why most retirees in Kenya live in abject poverty
Zachary Ochuodho @zachuodho Most retirees in Kenya live in poverty because they survive on 30 per cent of their pre-retirement income compared to a global recommendation of 75 per cent. According to a study by Enwealth Financial Services and Strathmore University, old age poverty has social implications in a country where the traditional structures (mainly […]