×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

How to prepare for retirement as a small business owner

Vocalize Pre-Player Loader

Audio By Vocalize

The process of planning for retirement can be draining and uncomfortable but if done properly, you can retire at any age. [iStockphoto]

Retirement means different things to different people. To some, it is when they reach the maximum working age which on average is 65 years, while to others, it is when they have accumulated enough assets such that the returns from their investments meet all their expenses.

Financial independence after retirement requires planning and commitment. After spending most days of your working years creating wealth, sustaining yourself and taking care of your loved ones, cushioning your sunset years is the best gift you can reward yourself.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
By Xinhua 39 mins ago
Sports
How Chinese elements shine at Milan-Cortina Winter Olympics
Basketball
Thunder plot Equity Bank raid as Premier League tips off
By Ben Ahenda 10 hrs ago
Boxing
Future Boxing Championships offer Kenyan boxers lessons
Athletics
Why Faith Kipyegon is making waves after winning 10km debut