OUR BUSINESS:

Retirement Journey

Retirement Journey

OUR BUSINESS:

Retirement Journey

No matter your age, it is never too late or too early to save. Your financial needs and priorities will vary, but saving consistently is key. Here is a guide for each life stage:

Age 20s: Laying the foundation

  • Focus: Start saving early, even if your income is low. Small amounts can grow significantly over time
  • Action: Save consistently and live within your means

You can start saving for your retirement with NSSF from as young as 16 years old.See how here

Age 30s: Setting priorities

  • Focus: Grow your income and avoid withdrawing retirement savings. Preserve and invest wisely
  • Action: Use bonuses and promotions to boost retirement savings. Consider a 15-year mortgage for home financing to secure your home for retirement

You can make your tomorrow better by enrolling on the NSSF voluntary savings programmeSee how here

Often when you think you're at the end of something, you're at the beginning of something else.
~ Fred Rogers

Age 40s: Accumulating wealth

  • Focus: Save aggressively, manage responsibilities, and create additional income streams
  • Action: Start another stream of income you can continue into retirement

If you have been saving for at least 10 years and are 45 years old or older, you may access your midterm benefits of a sum not exceeding 20% of your accrued benefits to boost your investments.

In addition, you can unlock your business potential See how here

Age 50s: Retirement in sight

  • Focus: Pay off debt and increase retirement savings
  • Action: Invest in traditional and passive income tools like government bonds and insurance products. Plan how to enjoy your retirement

You can access your retirement benefits See how here

Age 60+ and beyond: Embracing retirement

  • Focus: Manage your money carefully to ensure sustainability
  • Action: Invest in low-risk, short-term products for emergencies

The Fund is in the process of developing short-term products which are now made possible through the NSSF Act Cap 230

A NEW DAY - CREATING SHARED VALUE FOR SUSTAINABLE GROWTH

Benefits of saving with NSSF