How To Have A Comfortable Retirement
|Money : Money Management|
If you want to retire comfortably and have enough money, then there is one key thing that you need above all else: preparation!
By preparation, I really mean: start saving as much as you can from your salary each month and start doing that at as young an age as possible.
Clearly the best device to save into is a pension, a dedicated savings vehicle for locking money away until retirement.
However you should also try to build up personal savings as well. Remember that since you get interest in the money in your savings each year, you get interest on your interest as well - as long as you leave the money in there.
Therefore over a long period of years, compound interest really kicks in and accelerates how much money you have in there after a period of years.
So saving from the age of 20 or 25 if possible rather than starting at say 35 or 40 will have a massive different on the total amount in the pot at retirement age.
So get organised, tighten that belt and start saving for your future today!
Questions about retirement: