Friday, August 10, 2012

‘Plan for Retirement the Day You Start Work’

Chairperson of the Society of Women Accountants of Nigeria (SWAN), Mrs. Tokunbo Obafemi-Adegbola, has advised employees across the country to plan for their retirement early to avoid the shock of a sudden retirement.
Speaking at a one-day retirement for professionals seminar organised by the body in Lagos recently, she said early preparation for retirement also helps to prevent sudden death.

Obafemi-Adegbola said the seminar, with the theme, ‘Preventing the Pitfalls of Unplanned Retirement’, was part of the group’s efforts to make an impact on the society, apart from training youths to become chartered accountants.
“We know that after a good career life, you have to retire into something and it is good to be guided into that retirement. We are guiding people to know that sooner than later, they must retire and when they are retiring from the everyday hustle and bustle of their career, they should know what next to do.

“It is better to listen to professionals and people who had been in it in the past to guide them so that it is will not come as a shock, because when you go into retirement in a sudden way and if it comes as a shock, it can lead to premature death, we don’t want that to happen, we want people to retire and when they retire, they will be able to continue doing things that will sustain them,” she added.
She noted that the programme was targeted at young employees to prepare them for life after retirement and to encourage them to plan early.

“In fact, you should start thinking about retirement and plan for it the day you start working. That way, you would have given yourself a period of at least 25 years, so that by the time it is your turn to retire, you would have got something solid on your hands, even if your retirement is sudden, it will not come to you as a shock. It will not destabilise you,” she added.

Chairperson of the Planning Committee, Mrs. Folake Onabolu, said the group discovered that professionals tend to forget about retirement and the sudden loss of their jobs and other benefits could lead to depression and sudden death.
“We want to avoid this pitfall; that is why we want to sensitise professionals to know that one day, they are going to leave their exalted positions and face life on their own,” she said.

Papers presented at the seminar included, ‘Retirement and Implications of Life out of Office’; ‘Managing your Health in Retirement’; ‘Sourcing and Managing Finance for Success’; and ‘Various Investment Opportunities in Retirement’, among others.

Source: http://www.thisdaylive.com/articles/-plan-for-retirement-the-day-you-start-work-/104808/

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