Dhaka, Sept. 15 -- Planning for life after retirement is no longer a luxury-it's a necessity. As Bangladesh experiences longer life expectancy and a growing middle class, the question of whether today's savings will be enough for tomorrow.

Retirement planning is not just about setting money aside; it's about understanding how to save, when to save, and how much to save based on future needs. Without basic financial knowledge, even the most well-designed pension scheme may fall short of its goal.

Banks are offering long-term deposit plans and pension-oriented savings schemes, while insurance companies are offering annuities and pension-linked life policies to provide an added safety net. Besides, the government's National Pension Scheme ...