Retirement planning is shifting from family reliance to individual responsibility in Kenya, driven by evolving lifestyles, economic pressures, and increased life expectancy. This new reality necessitates deliberate financial planning and foresight from an early age to ensure a dignified retirement.

• Life expectancy in Africa has risen from approximately 43 years to 67 years, projected to reach about 75 years by mid-century.
• The traditional “black tax” of financial responsibility between generations is being replaced by a focus on individual financial independence.
• The article emphasizes consistent saving, structured pension plans, investments, and medical coverage as crucial for a secure retirement.
• The piece was written by Asman Mugambi, CEO of Jubilee Life Insurance.