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-Courtesy of Daily Nation February 12, 2021(pg 10)

The high court has stopped a private developer from accessing a block of apartments belonging to the Kenya Railways Staff Retirement Benefits Scheme. On January 26, Justice Charles Yano of the Environment and Land Court issued temporary orders restraining Blue Water Properties Limited from accessing the property on Chambilo Road, Mombasa. This followed an application by Mr James Kanyeki and Wamukota Toili on behalf of the trustees, who also want the company compelled to pay Sh 86,780,760 as special damages for restoration and repairs of the property.


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Retirement planning decisions inevitably surround the issue of money: How to save it, invest it, use it more productively and efficiently, pass it on to heirs, and spend it in retirement.

When the topic of retirement comes up, most people tend to focus on the questions of “when can I retire?” “How much money will I need to retire?” “How much should I save for retirement?”


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48% of Pre-retirees say their biggest fear about retirement has to do with finances. Do I have enough money? Will I outlive my money? Will I ever get out of debt? Will I be able to afford the lifestyle and health care I want? The volatile stockmarkets, low interest and fluctuating returns on investments create a very scary environment for retirement.


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