As natural as work is, so also is retirement for those who live long enough to an elderly age. So, if it is something you cannot avoid, why not prepare for it? Here are 10 tips to help you plan a stress free retirement.

One day you will retire

You won't be going to work. You won’t have office power any more. No influence or at best, a reduced influence. Your cash flow will also reduce! Check retirement date on your payslip.

Always go for your 30-day annual leave

Whatever you do during your leave, is what you will be doing when you retire. If all you do is to sleep or watch TV, then that’s what you are likely do do in your retirement. Remember the book of Proverbs. A little sleep and a little slumber, so shall your poverty multiply.

Watching Big Brother Naija will not save you heartache in retirement. Learn a trade or a skill during your leave. It will come handy. Spend your after-office hours learning something. Don’t spend it sleeping, Gossiping, watching TV!! Same goes for your weekend. Make them productive. You will thank yourself for spending your time productively.

Invest for your retirement

Your children are not retirement investment. Don’t bank on your children’s support or the support of friends or relations. That’s a BIG risk. It may not happen. Be ready to take care of yourself!! Everyone has his own responsibilities. They won’t be able to help you that much. You will also lose your dignity and respect if you adopt a life of begging.

Start a hobby

Early in your working days to take you along when you retire. Rearing chicken, farming or own a shop. Acquire marketable skills ( not useless paper certificates) Etc

Where shall you retire?

Build yourself a home. Don't retire and start to rent a house or refuse to vacate government house. You will be at the mercy of your landlord at a time when your cash flow is not only reduced but unpredictable!!

Who shall be your dependants?

By the time you retire, your children should be above 18, and self reliant.

Don't retire and stay in a big city unless you can TRULY afford it

You can't continue living in a big city after 60 with limited financial resources. The language and the hustle will be hard for you. Where possible, Relocate to a less expensive town where your reduced take home (pension) can go further.

Have property which can be rented or converted into cash

Have shares that pay good dividends. Plant cash trees. Rear goats, cultivate vegetables etc. these activities will not only give you income but will also keep you healthy.

Live a simple life

If you never built a house at your rural home, dont use your retirement package to build. It is unwise unless you plan to live there on a permanent basis or you are super rich and therefore can afford the luxury. The choice is yours.

Note that many of retirees die early because of the following:

They are Not mentally prepared to retire.
Lack of finances
They Lapse into Depression
They develop Hypertension/ Diabetes because of worries, anxiety and uncertainty "and financial pressures.

Your desk at your work place is not permanent. Plan for your retirement.

Source: How To Prepare For Retirement Without Stress

Is the writer of this piece retired and less stressed?

Just asking

Dedicate to all my followers.

www.myorchardbythestream.com

MUTUAL BENEFIT LIFE ASSURANCE will sign u soonest.

AM NOT RETIRING ANYTIME SOON

Am already doing all this.

Nice

Good one. thanks for this

let me park here, I will comment after work.

Nigerian parents no go prepare for retirement na to dey burden kids

Make sure to have houses to rent, while collecting rent in this format:

Category A: Those you will collect yearly rent from.

Category B: Those you will collect 6 months rent from (I.e. Twice yearly).

Category C: Those you collect monthly rent from.
This way, you don't lack money.


2. Invest in stocks and Shares (use spare money) in trusted and tested companies.

3. Make sure you train your children well and equip them for the future so as not to continue training them in your old age.

ok

There is nothing like retirement in Nigeria !

If u doubt ask Buhari and Atiku.....


Please don't ask Obasanjo

ok

a good advice for everyone

Retirement planning starts from your first income, not a few years to retirement. One day you will retire, but on what? One day, either by retirement, retrenchment or resignation, you will be out of service. Are you self employed? You will not be as active as you are now in the last quarter of your economic life, best you prepare and plan. Kudos to the poster. Babatunde Raimi

In this present Nigeria. I laugh in India

i am not proud to say i am a workaholic ..........thanks for these tips

why stress to do all these when you can simply retire to be a president or a senator and secure the future of your unborn generation

Lovely advice to everyone