The major thing in planning for retirement is having a
somewhat steady follow of income that can sustain your chosen life style during
the retirement. That is why I always recommend a moderate, not too extravagant
life style that is rich in substance and style. And to achieve this we must
have saved over our working years, or have some sort of investments to fall
back on. In respect to this will I commend President Obasanjo, though he may have
his own issues from your perspective, but signing the first pension act into law, a
thumbs up. In 2004 we had the first pension contribution law and it was amended
in 2014. We will look at the 2014 amendment a little so as to draw our
attention to the facts as this pertains to personal finance.
Before we start out with the law thing, lets me quickly ask
a few questions:
