Discover and read the best of Twitter Threads about #provident
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As part of the Financial Literacy Programs, all individuals must learn how to manage their retirement investment proceeds and personal wealth.
Many people misconstrue that such planning is not important and should be solely left to either the employer or the govt!
How wrong!
Many people misconstrue that such planning is not important and should be solely left to either the employer or the govt!
How wrong!
In most of the developing countries where old-age financial benefits are not sponsored or guaranteed by the government, via social safety nets, the vulnerable people are left at the mercy of the market, extended family network or the philanthropist to help them.
Even private sector firms, which provide access to #provident and #pension fund designed retirement investment planning schemes, are no guarantee, of a safe and smooth exit out of the workforce due to #Systemic Risk which can destabilize the economy or the society in the long run
