HakiPensheni

Why understanding lifetime money or retirement plan is important nearly a dozen odds melling pills every day. Of course, he still ate junk food and smoked a pack a day; and his idea of exercise was to give his thumb a workout on the remote control. Shikamoo Mzee had his first heart attack at 52, a bypass at 54, and by 56 he had to quit work entirely. Our Shangazi Idda had a different approach to life. She just wanted to live well. Sometimes she remembered to take a multivitamin, and sometimes she didn’t. But she walked every single day. On sunny afternoons, in steady rains, in nasty sleet, the neighbors would catch sight of Shangazi Idda out for her walk. She ate moderately, she took care of her teeth, and she laughed hard. And right up until she fell ill at the age of 99, she spent her days helping out her neighbors, knitting coverlets for her nieces and nephews, and making exotic jell-o salads for every church gathering. Taking care of your retirement plan isn’t much different from taking care of your health. Just as you can spend all your time worrying about vitamin pills, you can spend every weekend reading about National Social Security Fund (NSSF), Public Service Pensions Fund (PSPF), Local Authority Pensions Fund (LAPF), Public Pensions Fund (PPF), Government Employees Provident Fund (GEPF), Zanzibar Social Security Fund (ZSSF) and changes in the Tanzania Revenue Authority tax code. And, if you make some clever decisions, it may help some. But Shangazi Idda had the real wisdom: The best way to get ready for the future is take care of yourself, each and every day. The surest path to a long and prosperous retirement is to give yourself a secure financial life, day in and day out, starting right now. The key to a secure retirement is to build a sound financial base today. Once you start to think about a lifetime money plan a plan that covers all your financial needs you can see your retirement in a new light. Retirement isn’t some special, distant, different time. Retirement is simply another phase of your life. You may not be working after you retire, but you will go on living. In the same way, you will have less income, but you will go right on paying your bills. And like Shangazi Idda, if you learn good financial habits now, you’ll have plenty of time to laugh hard and enjoy time with your loved ones. You may be thinking, “Getting my financial house in order sounds hard!” We’re not going to fool you if your idea of budgeting is to buy what you want and pray you have enough to cover bit then it may be hard. But we’ve broken it down into five simple steps: you need to balance your basic bills and paying off your debt. On the other hand you should be required to build your emergency savings, but more important you will be needed to pay off your home and at the same time build your retirement savings. These five steps will help you build a strong financial base that will see you through all of your tomorrows before and after you retire.