According to him, retirement planning should be diversified so that there are multiple streams of income and less dependence on pension due to the inflationary environment.
The report read in part, “Some financial habits can either help you achieve your financial goals faster or leave you with empty accounts and financially drained. According to Money Africa, early planning toward retirement is one of the ways to establish a solid financial bank for rainy days. It stated, “It’s a different case if you are a freelancer and do not have a pension plan. You should create an investment plan and be more deliberate with investing because of job instability. The same applies to business owners.
Also, a report by The Pension Authority corroborated the development, adding that retirement planning was important.