Embracing Change for a Fulfilling Tomorrow: Preparing for Life Beyond Work

As the landscape of work and retirement continues to evolve, preparing for the future demands a thoughtful and holistic approach. In July 2025, the Strathmore University Leadership Academy, under the guidance of Veronica Kerich, partnered with CPF Consulting Kenya to host a transformative training session centered on the nuanced journey of retirement preparation. This initiative brought together participants to deeply explore what it truly means to be “future-ready,” particularly in planning for life beyond the workplace.

The Programme inspired participants to reframe retirement not as an abrupt ending but as an exciting and transformative new chapter, one that demands intentional planning, sound financial strategies, and a holistic commitment to personal well-being. Drawing deeply on real-life experiences, compelling data, and actionable guidance, the workshop went beyond the financial aspects of retirement. It highlighted the critical role of purpose, physical and mental health, and strong social connections in creating a meaningful and fulfilling post-career life. This comprehensive approach empowered attendees to envision retirement as a vibrant growth, contribution, and self-discovery period.

Insights from the 2024 Pensioners Survey by the Retirement Benefits Authority (RBA) reveal several key realities about retirement in Kenya. Financial hardship is widespread, with many retirees facing inadequate pension benefits and struggling to maintain financial independence.  A significant number also keep working to supplement their income, while 83% continue supporting dependents, underscoring the challenges of retirement finances.

Drawing on Winston Churchill’s famous advice, “Never waste a good crisis,” the facilitators encouraged participants to view post-employment transitions as unique opportunities to make a lasting impact, emphasizing that a proactive mindset can turn uncertainty into new paths for growth.

Discussions on financial security emerged as an overarching theme. Through practical sessions, participants explored income streams that can endure beyond active employment. Attendees learned how to accurately forecast expenses, distinguish needs from wants, and build up savings—emphasizing the importance of starting small and avoiding procrastination. The 50/30/20 rule for intentional budgeting was emphasized. Popularized by U.S. Senator Elizabeth Warren in her book ‘All Your Worth’, the rule offers a simple framework to balance necessary living costs, lifestyle choices, and future financial security.

The conversation went beyond finances, highlighting the equal importance of health, well-being, relationships, and purposefully living. Inspired by Emerson’s idea that “retirement is a blank sheet of paper,” the facilitators encouraged viewing this stage as a time for reinvention. They addressed mental well-being, finding new meaning, and adapting to family changes, offering tips to avoid loneliness and build resilience. Estate planning was also highlighted as essential for family harmony and legacy.

Ultimately, participants left empowered not only with strategies for financial security but also with a renewed sense of purpose and the confidence to embrace retirement as a meaningful chapter of growth, contribution, and lasting impact beyond their formal careers.

Article by Hilderith Ogutu,

Faculty Member, Strathmore University Business School