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Citizens being urged to plan for retirement years

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eccb-9090Basseterre, St. Kitts, Tuesday, 10th October, 2017 (MyVueNews.com) - As St. Kitts & Nevis embarks on another celebration of Financial Information Month, citizens are being encouraged to place greater emphasis on planning for their financial survival during their coming years of retirement.

The effort to create a greater sense of awareness, about preparing to meet the challenges in the latter years of Kittitians and Nevisians, is being led by the Eastern Caribbean Central Bank, which has chosen as its theme for the 2017 Financial Information Month in October, "Retirement Planning - Making Your Golden Years Golden"

During the coming weeks each country that makes up the OECS will be engaged in various events and activities, to sensitize the public about steps that could be considered to ease the financial burden associated with retirement.

 

While a holistic approach is being pursued, many of the events planned across the sub-region will cater to the younger generation.

 

It is felt that many young people, including those already in the work force, tend to believe that they have all the time in the world to plan for their future.

 

On the other hand, older citizens, who did not plan, eventually come to realize too late, that they should have paid greater attention to their financial planning for retirement.

 

Amongst the community outreach initiatives under consideration for various Eastern Caribbean countries include, exhibitions, school visits and presentations, talks to community groups, church organizations and youth clubs.

 

The core message being considered is that it is critical to develop good savings habits that could place citizens in a better financial position once they have entered the years of retirement, which for some countries is 62.

 

In St. Kitts, a major Financial Fair is being planned for Independence Square on Friday 27th October.

 

This will be the signature event being hosted by the ECCB and will have the participation from various financial institutions.

 

The event, showcasing a number of financial partners, is being seen as a community event that will cater to the entire family.

 

One feature expected at the fair is an interactive center, targeting the youth. There will also be a fun area for children, food stalls and entertainment.



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