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Retirement
When should I start planning for retirement?
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[QUOTE="Abigael, post: 215088, member: 25357"] I think that planning for retirement should start as soon as you start making a substantial amount of income. It does not necessarily have to be from an employment. It could be from your business, an online or offline job or an investment that is long term. You don't need to wait till you have a permanent job to start saving for retirement or old age. One thing that see many people make mistake with is that they wait till they have a job that forces them or provides for them a pension scheme. That is when they start planning for old age. I think you should make it your responsibility to plan for it even if you don't have a specific pension scheme. That way, you create an account where you save for your old age. Then do it with so much self discipline such that at the end of the day, you will have saved a substantial amount of income that will help you when you are old and unable to work. It is also very wise to have insurances such as life insurance and health insurance. They are still part of planning for old age and retirement. [/QUOTE]
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When should I start planning for retirement?
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