Retirement refers to that part of any person’s life when they choose to leave their work-life behind permanently. Many people decide to quit their workforce when they are old or sick enough to contribute no longer. Some retire when they reach a certain age and are eligible for private and\or public pensions. Retirement planning involves determining retirement income goals and what’s needed to achieve those goals. Retirement planning includes identifying income sources, sizing up expenses, implementing a savings program, and managing assets and risk. Future cash flows are estimated to gauge whether the retirement income goal is possible. One can start at any time, but it works best if you factor it into your financial planning as early as possible. That’s the best way to ensure a safe, secure—and fun—retirement. The fun part is why it makes sense to pay attention to the serious and perhaps boring part: planning how you’ll get there.

• EDTD’s retirement programme examines the inequities in the current system and promotes initiatives that protect entitlements and lead to universal, secure, and adequate retirement policies.
• EDTD trains retirees to become employers of labour with a special focus on the competence and innovative skills for entrepreneurship development in diverse areas to remain active and have a veritable source of income in retirement.