@kiterunner
Check out ICEA's and Alexander Forbes' individual pension plans. Both run very professionally.

http://www.icea.co.ke/fo...-retirement-scheme-prs/

http://www.aforbes.co.za/kenya/L-Vuni.htm


I wouldn't advise you to save for your pension using stocks, you're right, they're too easily accessible and you would have to essentially manage your own retirement scheme, not sure how wise a decision that would be. Diversification here is key.

Stocks are an excellent investment vehicle, but profits can be channeled towards other more immediate or medium term goals.

All the best.

8 years later this is still a useful thread. Ahsanteni!
Wacha niwaulize. What about NSSF for self employed. I know they recently upgraded the rules so can someone update us on how it works. For example if MM has extra 100k idle cash lying around that he wants to squirrel into NSSF as a "last case resort" under the self-employed category incase God-forbid he loses his shirt and is destitute by age 50 (by the way was this age changed?), regardless of the paltry returns, will he get paid a lumpsum or malipo za pole pole. Thanks in advance nduguzanguni.