Anonymous

When should I start planning for my retirement?

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4 Answers

Ancient Hippy Profile
Ancient Hippy answered

It's never too early in your career and life to start planning and saving for retirement.

PJ Stein Profile
PJ Stein answered

From the time you first start getting money. 10% of any money you get as a gift should go into savings. When you get a few hundred dollars, start investing in CDs through your bank, because they have a higher interest rate than a savings account.

Retiredkop Retiredkop Profile

Speaking from experience I would say the day you start your first full time job!  You live on what you make, if I had a do over I would live on my base pay and put every yearly raise (when I got one) into my retirement.  In my profession people generally only live five years after retirement according to statics compiled by our government.  As of today I've been retired 5 years, 5 months, and 7 days!  But I still have retirement!

ly fen chen Profile
ly fen chen answered

From the month of your working, as when you work then you have the payment, so save it a little every month in the bank, further more, it's a long time saving, so you should be persevering and patient.

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