Hello Nairalanders, i opened this thread to educate all about need to take insurance and its subs seriously. truth is people take insurance with levity in Nigeria and have little or no value for it. I hope to dispel these and to inform you frequently vide articles on how you can stand tall and live happily thereafter.

People often treat this topic with much disdain and care free. attitude. Truth is retirement life is what every one who is actively working now should prepare towards. it isn't what should come to you as a surprise. you should prepare for it from the set go. Everyone at one time or the other would have to exit the workforce, this is a requirement that shouldn't come to you as a surprise.

Retirement by and large alludes to the span of an individual's life after they have left the workforce. This implies an individual who has resigned has pulled back from a work and for the most part participates in exercises for recreation purposes.

Typically, retirement starts when an individual arrives at a specific age. In Nigeria, this is 60 years of age. In the event that we take this definition somewhat further, retirement can be characterized as a condition of monetary opportunity where you have command over your time.

What is Retirement Planning:

This means ways by which you can actively identify your retirement goals and outline simple steps to actualise them.

How to Plan For Your Retirement

There is no better time than now to effectively plan your retirement. Yo may think it s right too early to do just same or that you have a few decades to actively plan your retirement. Truth is little drops make the ocean.

Long term planning is the requisite method to actually put all your fears to rest. There is much more time to put these plans to bear. truth is your 60-year old self would thank you for planning ahead.

Benefits Of Planning Early:

1. You will enjoy your life fruitfully without dependence on your children as they would be happy to take a cue from you

2. You will take advantage of the compounding interest on your retirement wages

3. You can actively plan on your earnings and divert to other businesses that gives you much yield and returns like capital markets, real estates and mutual funds

4. Your money gets to work for you.

5. You would be happy you did.

How Can You Plan For Your Retirement In Nigeria

1. Understand that every thing that has a beginning must surely have an end. You should start from the very day you join the workforce of your company.

2. Identify what kind of life you wish to live post retirement ad begin to walk the dream. your dream can be a reality, it all depends on how much effort and pain you put to it now, After all no pain, no gain.

3. Prepare a feasible plan to meet your retirement plans. Begin to plan, save and invest so you can enjoy your life post-retirement.

4. Open a Pension account for your retirement funds from the very day you pick up the job. You can also self-plan by opening your own self post retirement account plan that serves as a substitute to your pension account.


To learn about the best options for you or need tips to retire happily in Nigeria, send a mail to insuranzenvoy@gmail.com or chat me on 08066416075

Retirement plan is key...