The session on retirement for filmmakers during the recently-concluded Kalasha Market and Film Festival was eye-opening
Dear creative, do you have retirement plan?
This is probably a question that has been brought up to jar the elderly, mostly in formal employment. However as last Friday’s Kalasha Market panel led by revered director, Phil, on retirement for filmmakers, it is a question that needs to be raised amongst filmmakers.
The panel discussion sought to ward off myths, key among them the misconception that only employees on a monthly salary are able to save for retirement. James Ratemo from Retirement Benefits Authority (RBA) unboxed a trick that is beneficial to each creative: investing in pension schemes. Having a pension plan ensures the safety of your funds not only from others but also yourself only if you keep it active by being consistent with your subscription.
The above being from a government institutional perspective, renowned creative and producer, Njoki Muhoho (Zebra Productions) and Bonnie Katei (Live TV director) brought the conversation to a creative stand point urging the RBA to focus on putting up free workshops and masterclasses for filmmakers on this very important matter.
The two went ahead to emphasise the need for increased financial literacy and responsibility among creative, with Muhoho being vocal on the importance of a filmmaker separating personal funds from company funds. This being possible by recruiting a team capable enough to safeguard company funds not only from others, but also you.
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Article edited by @peterndoria
