“…A thorough review of related literature produced only a handful of studies that explored academics' perspectives on retirement planning, particularly on activities which are involved when planning and perceptions of the right time for employees to start planning for their retirement life. Previous studies on retirement planning focused on the impact of financial knowledge (Mndzebele and Kwenda, 2020), transition experiences of retired academics (Cahill et al, 2022;Miron et al, 2022;Rowson and Phillipson, 2020), and retirement pension policy reforms (Mwakisisile and Larsson, 2021). In Tanzania, few studies have been conducted on retirement planning focusing on terminal benefit payment practices and their challenges (Haule, 2013), retirement planning mistakes (Amani and Fussy, 2022), challenges that can obstruct provision of retirement education (Mayemba, 2015), impact of retirement benefit on socio-economic development (Nyangarika and Bundala, 2020), and age-based perceptions on retirement income spending plans and actual spending upon retirement among employees in Higher Learning Institutions (Makona, 2020).…”