Planning for retirement takes time and isn’t something that just happens. So at what age should you start thinking about retirement? Unfortunately, there is no clear-cut answer. Some people will tell you to start as early as possible, but that is not completely true. After all, what 12 year old is going to start saving for retirement when there is so much candy out there to be bought.
The real time to begin saving money for retirement is when you get your first full-time job. This can be right out of high school or right out of college. Either way, this is the time when you should begin to put money away for retirement.
Talk to your employer about the retirement plans they have available. Most companies will offer a 401K match plan, which means that your employer will match all or a percentage of what you put away for retirement. If you do not take advantage of this, you are essentially leaving money on the table.
So the answer to the question we stated in the title of this article is simple; the best time to start planning and investing for retirement is right now. The longer you wait, the less you will be able to save.
If you have any questions about what you have just read, or if you would like to know more about retirement planning, consult a financial advisor like Safe Retirement Solutions by calling 877-268-4086 or visit our website today!
Safe Retirement Solutions is your full service, independent financial advisory firm dedicated to providing you with the very best in retirement income planning.
We help our clients in all phases of their retirement planning. We help them prepare for a retirement free from financial worries, so that they can enjoy their retirement years. We help to enable our retired clients with the transition of their wealth into a carefree income that will last them a lifetime.