For the first time I have started to think of pension (am almost 30). I have estimated that I want my pension to be around 360k dollars by the time of retirement (60). Assuming 6% compounding it means I need to put over 20,000 shillings per month in a pension scheme for the next 30 years.
My questions
1. How reliable is NSSF for such an endeavor? Does NSSF reveal their earning per year to members? ie by topping up the statutory 320 bob
2. Private schemes ie Jubilee. In my naivety i somehow cant warm up to putting such a big amount in a private company (not govt backed) and be assured it will wither all storms and still be there in 2045
opinions, pointers and/or reassurance from wazuans welcome
If it were you what proportion would go to NSSF and what proportioin goes to a private pension fund?
our goals are best achieved indirectly