As an employee it's important to start planning your exit from day one, having funds saved in a bank account or in an index fund, it's the way to go when it comes to preparing for retirement, it also depends on the arrangements of your employer, some get pensions and gratuity while others especially those that work with non governmental and private organization have none of this.
Saving part of your money is very much ideal and then investing your money into a business or a fixed deposit that grows your funds as you save to increase your net worth and provide leverage to do other stuff when you finally retire.
What other methods can a retiree use to prepare for retirement?
Saving part of your money is very much ideal and then investing your money into a business or a fixed deposit that grows your funds as you save to increase your net worth and provide leverage to do other stuff when you finally retire.
What other methods can a retiree use to prepare for retirement?