Imagine when you get to 50 or 60 years and it’s time to hang the gloves. The big question is: What Next? To help you get a better perspective, think of a situation when you lost your job, could be getting fired, contract termination or what’s happening now a number of retrenchments due to tough economic times. What do you do next? The thoughts of where is rent coming from or opening your fridge to realize its empty can be mind-boggling.
Unlike the cases presented above, at age 60 and above, it’s your body that is saying: “Look here; we had a great run but it’s time we take it easy. Instead of waking up at 4 AM, let us extend to 7 AM; you know for a change!” It’s a phase where you’re certain that you will not be running around with your CV seeking employment – well unless you’re close to the President and he offers you a position in some statutory authority.
But then, how do you transition into retirement? How do you ensure it’s so seamless that you don’t even realize it? How do you ensure there’s still food on the table every day? And a well balanced for that matter. How do you ensure that your car is still well-fueled without any hurdles?
According to Samson Osero, author of Transition into Retirement, the key is planning for it!
Osero is a recent retiree, the former Executive Director at the Institute of Human Resource Management and after retirement, interestingly defines clear measurable goals and objectives to cover on a daily, weekly, monthly and yearly basis. He wakes up early every day and goes to bed late; focuses on writing a workplace issues column for the People Daily, speaks about retirement in public forums and engages in human resource consultancy.
When I asked him why are goals important, he responded without hesitating: “Goals help you stay focused, they help you experiment on your hobbies and interests. They help you to constantly keep learning and growing yourself. Right now, I share my wealth of knowledge through my Facebook account and that alone helps me constantly pen down ideas that can help young people”.
Osero says when it comes to retirement one needs to plan with the following factors in mind:
- Financial independence
- Retirement home
- Side hustle
- Healthy lifestyle
- Family relationships
- Friends and Community
In our chat, Osero says one’s kids should not be an individual’s retirement plan “ati sasa the kids will take care of you just because you raised them!” With a smile on his face, he goes on to explain further. When you are employed the key is to use your income for investment in income-generating assets or financial instruments that would provide you with passive income after retiring.
Transitioning to Retirement
Osero understands the importance of the measures above, and he says one should start planning for retirement when one gets his/her first job. To present his ideas and guides, Osero has written a book, Transition into Retirement, to help you prepare better for retirement as soon as now.
The book highlights the essential actions that a retiree can take to smoothly adjust into retirement making it purposeful, enjoyable and fulfilling. This book is for you if you are preparing for retirement, your uncle – yeah the one who’s constantly complaining he has nothing to do with his retirement or a guide for your parents who are about to retire or already in retirement.
Where to Get the Book
I know you’re psyched, I would! Well, enough of chitchat and obtain your copy of the retirement book for Sh. 700 only. For your exclusive copy call 0794323500 or 0786889027 at College of Human Resource Management on the 4th floor of Ufundi Plaza. Drop your review on the comment section after reading the book, as Osero puts retirement into the modern perspective.