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Investing for Retirement? Read This!

Whether you’re in your 20s or 30s, one thing is (almost) sure- you’d need to retire at some point. 

What plans are you putting in place to ensure that when this happens you have enough money to keep you going?

Let’s walk through 5 steps to help you retire in a grand style:

Know when to start retirement planning

One question on the lips of many is ’When should I start planning for retirement?’ Well, we’d say, start planning as soon as you have the means too specifically in your 20s.

The earlier you begin to plan, the more time your money has to grow, and every Naira you put aside now will be much appreciated later. We advise that you plan strategically early enough to enjoy a stress-free retirement.

Decide how much money you need to retire

The amount of money you need to retire is largely determined by your current income and expenses, and how you think those expenses will change in retirement.

Setting aside at least 15 percent of your income is a fine benchmark that should be able to get you through your retirement years. If you have more than that, even better for you! Whatever you do, try to set aside a little bit more each year.

Choose the best retirement plan for you

There is no single best retirement plan, but there is likely the best retirement plan or combination of retirement accounts for you.

If you have an employer retirement plan, consider starting there, and if you don’t, open your retirement account.

Select your retirement investments

Sit back, research, and decide on the investment plans that suit your plans.

Generally, the idea is to invest aggressively while you’re young, and relax into a more conservative mix of investments as you approach retirement age.

As you grow older, your investment evolves due to a lot of factors – job changes, family, etc. However, no matter what happens, ensure that you never lose sight of your goals.

Get Help When You Need It

“I don’t know anything about investing” is a common excuse many people give for postponing retirement planning.

However, this is not a convincing enough excuse for failing to invest in retirement.

There are various ways to get basic, intermediate or even advanced education in retirement planning, so it’s left for you to choose your most suitable one through research or with the help of a qualified financial professional.

At Rosabon Financial Services, our range of investment plans sure improve your chances of enjoying a comfortable future. Confused about the right investment plan for you? Visit to commence the application process and we will guide you through it. 

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