Sotherefore
VIP Contributor
Most developed countries makes planning for retirement compulsory because the government made all the necessary provision to make sure that everyone who is working pays their tax , This is applicable to private and government workers and I consider this to be the best because with tax payment you are likely to receive pension after retirement .
However in most African countries provision for private private workers to pay their tax is not available and many people are always interested to work for the government since only the government institute will enable people to receive pension after retirement..
Because of this a lot of people who do not have an opportunity to work for the government are looking straight forward on how they can establish a business , invest in real estate or any other profitable ventures so they can secure their old age. Good numbers of people are likely to succeed in their journey toward having a better life and also the required money they need to invest and makes all arrangement for a comfortable old age .
Some people in the other hand who do not work for the government or start a profitable business and those who has not made adequate arrangement towards having a comfortable old age might not have anything to generate income from at old age , what of people like this, what will likely be the results does it really mean that they won't have what to eat and house to live at old age ?
However in most African countries provision for private private workers to pay their tax is not available and many people are always interested to work for the government since only the government institute will enable people to receive pension after retirement..
Because of this a lot of people who do not have an opportunity to work for the government are looking straight forward on how they can establish a business , invest in real estate or any other profitable ventures so they can secure their old age. Good numbers of people are likely to succeed in their journey toward having a better life and also the required money they need to invest and makes all arrangement for a comfortable old age .
Some people in the other hand who do not work for the government or start a profitable business and those who has not made adequate arrangement towards having a comfortable old age might not have anything to generate income from at old age , what of people like this, what will likely be the results does it really mean that they won't have what to eat and house to live at old age ?