Uganda, April 9 -- Retirement evokes varied expectations from different people everywhere. To some, retirement spurs thoughts of vacations, others dream of spending time with grandchildren yet to some scary thoughts of scarcity come to mind.

This diversity is partly driven by several common myths and misconceptions about retirement. We have identified these hindrances and how to resolve them so you move confidently towards retirement.

It is a long way to retirement

The biggest belief of all is that young people perceive retirement as a faraway event. They believe they still have time. They shelve the plans and think they will start later when a bit older or earn more money. This has been a hindrance to saving regularly and sufficiently...