At what age should you prepare for retirement

[Aragon05]

The normal age to prepare for retirement can varies by individual circumstance and the country. In most country the typical age to retire from work is around 65, when individual become eligible for full social security or pension benefits.
However, some people choose to retire earlier from work at 50s or 60s, while others work beyond 65. In what ever age you choose to retire from work the key is to start preparing for it for your financial security.

 

[AruneBend]

the sooner the better when you retire the pension is low and can meet the most needed things like food or water you need to save to end your life on a good note

 

[Kirubel]

I think the right time to think about retirement is when we are young, we need to save money and start a business that will help us when we stop work and when we retire, the best time is now.

 

[Augusta]

For me I would like to retire by 70 God willing. it would help me to still be very strong like I should.

 

[freelancermaria]

We should start planning for our retirement the moment we start working. The reason is, that anything can happen. You might lose your job today, tomorrow, or the day after tomorrow.

 

[Aragon05]

You might be right, because if someone is being retired from work at early age, he won't be that depending on the pension but would be able to engage in other things to continue his living

the sooner the better when you retire the pension is low and can meet the most needed things like food or water you need to save to end your life on a good note

Post automatically merged: Dec 8, 2023

We should start planning for our retirement the moment we start working. The reason is, that anything can happen. You might lose your job today, tomorrow, or the day after tomorrow.

That's a point, no one knows tomorrow, anything can happen since you are not the owner of the company or business you are working in, so it's better to start when you are still receiving your income.

 

[freelancermaria]

You might be right, because if someone is being retired from work at early age, he won't be that depending on the pension but would be able to engage in other things to continue his living

Post automatically merged: Dec 8, 2023

That's a point, no one knows tomorrow, anything can happen since you are not the owner of the company or business you are working in, so it's better to start when you are still receiving your income.

Yes, the owner of the company can fire you or they can shut down. So, it is best to start early.

 

[Suba]

You should be able to prepare yourself for retirement since you can make money, you have to think about retirement, especially if your company does not provide a retirement guarantee, then you have to start saving for retirement funds.

 

[Augusta]

Yes retirement is sure for everyone. You might not work forever so you just need to have a time you plan to stay away from active work

 

[deucher]

I think that from 20 to 30 years old you can still live a full life and not save money for retirement, but after 30 you should start doing it because then it can be more difficult

 

[eLdavis]

To be on the safer side, I think it would be best to start planning the moment you have enough resources to do so.