Articles

Coping with the Challenges of Retirement through Appropriate Preparation Strategies

Sonye, C. U.
Department of Home Economics Ignatius Ajuru University of Education Rumuolumeni, Port Harcourt
Bamson, Minaseichinbo
Department of Home Economics Ignatius Ajuru University of Education Rumuolumeni, Port Harcourt
Published: August 31, 2024 Issue: Vol. 17 No. 2 (2012) DOI: 10.66731/jher.v17i2.62

Abstract

This paper examines the concept of retirement in Nigeria. It
focuses on the need for preparation for retirement, obstacles to the
preparations retirement and ways of overcoming these obstacles.
The paper concludes that prospective retirees should start
planning for retirement from enrolment and it should be geared
towards providing for old age. It therefore recommends that
prospective retirees should be given appropriate counselling.

Keywords: Retirement Planning Challenges for retirement Financial/social security Pension