What is retirement? This is the withdrawal from one’s position, occupation, or active working life. Here are some things to think about as you read this blog; 👉🏼You can choose to be semi-retired, but many people choose to retire when they are elderly. 👉🏼 If you’re to calculate your replacement ratio: you will need 80% of your income to survive. 🤔According to your current income, where will you derive the necessary funds to survive while you retire from active work? Earlier this week during the usual Worship Harvest Ministries, Business Leader Network 7 am EAT learning call, Director Grace Munyirwa, took us through the two biggest challenges to beware of…
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What Do You Know About the Retirement Benefits Sector in Uganda?
I am not a fan of entrusting my hard earned cash to other people for safe keeping, I have trust issues in regards to money. But of late finding the best retirement saving scheme has taken root on the list of things I have to do before 2014 ends. A month ago, I attended a talk about the retirement benefit sector in this banana republic Uganda, where I learnt of a debate to privatise the sector and that there was not enough information relied to the public to explain why this was needed and what will happen when it is done. With such questions presented to me, I was intrigued…
