In this audio, Mr Kolawole Adio Adelanwa, a retiree from Cadbury Nigeria Plc, shared his retirement experience with Ruth Ibikunle. The following are worthy of note:
- Don’t assume you will stay long in service, start planning from day one
- Start business on a small scale
- Don’t be frivolous in spending
- Manage your time well to accommodate your retirement plan
- Reduce your budget and spending after retirement.
- Don’t go into any business without proper consultation and plan
- Don’t invest heavily at the beginning of any business; start on a small scale and gradually expand
- Diversify your business
- Don’t be too greedy of gains so that you don’t become a victim of scam.