NBS news anchor and veteran journalist Samson Kasumba has revealed how he plans to approach retirement, and his children should not expect to inherit a retirement fund built around their needs.
Kasumba says that once he reaches 60, his priority will be enjoying the savings he has accumulated rather than preserving them for his children.
“After 60 the only investment I am focusing on is eating all my savings! My children will live off the education we gave them,” Kasumba wrote in a social media post.
The journalist said he has already made his expectations clear to his children, arguing that the education they received should give them the foundation to build their own lives and financial futures.
“If they mess up their time in school that is their problem, not mine. I have told them this in broad daylight,” he said, describing himself as “honest and extremely frank.”
Kasumba also took aim at what he considers a sense of entitlement among some young people. At the same time, he expressed confidence that his own children have been raised with independence and honesty.
“They belong to a very entitled generation! Thank God these ones have been raised very honest and independent,” he said.
His comments also extended beyond parenting to his own plans for employment after retirement.
Kasumba ruled out a return to self-employment, saying he has already experienced that lifestyle firsthand after spending more than 13 years running a business on Nasser Road.
“Do NOT tell me about self-employment because that was my life on Nasser Road for over 13 years. I got so done with that stuff,” he said.
Rather than going back into business for himself, Kasumba said he would prefer the stability of being employed by someone else.
“Let someone else be self-employed and me as his employee. That arrangement works for my life,” he added.
For Kasumba, retirement appears to be less about building an inheritance and more about finally enjoying the fruits of his own working years. His message to his children is equally straightforward: the education they were given is theirs to turn into a future of their own.