Am I too young to be
thinking about retirement?
A: No, you’re never too
young to be thinking about
retirement, but the key is
to stop thinking about it
and instead, start planning.
Retirement is an important
stage in life and one that
requires decades of
planning.
Retirement is an important
stage in life and one that
requires decades of planning.
Sure, you’re saving and
preparing for retirement as
a participating member in
your workplace pension
plan – but it’s important to
further save to build
additional equity. The
earlier you save, the more
money you’ll accumulate,
and the more you save the
quicker your savings will
accumulate.
It’s also important to remember that you can save for more than one thing. You can still
save for retirement while saving for a big-ticket item (like a house or a car). While saving
for a house, you may not be putting as much aside for retirement, but you should still be
putting away some. As the saying goes: every penny counts.
To determine the best way to further save for retirement, speak to a qualified financial
advisor. Everyone is in a different boat and everyone will have their own unique plan for
retirement that best fits them.
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