Most countries and Uganda in particular are not welfare states, implying that you are fully responsible for your retirement not government. In addition, the employment landscape is changing very fast, with most governments moving into contract employment and formal jobs are significantly reducing. Given this background, you need to be aware and take action on the following:
- How to manage income and cashflow that is basic enough to keep you afloat or sustained in retirement.
- Fostering a healthy, active and productive life in retirement, and
- Building and managing necessary relationships for your social and engagement welfare.
There is therefore need to invest where there is an appropriate balance, mindful of health, self, wealth and social for maximum benefit.