Why I’m planning for my retirement now (AD)

AD. As I enter my 30s and begin to think about my long-term life goals my finances become more important than ever. Saving money, making extra money, cutting back, starting to invest and learning more about pensions are all really important to me now. Just 5 years ago we were in debt, and all of these things felt less important. Because we didn’t have much choice. However, making our money work hard is the key to a good life and I’m so glad I’ve learned this at a young age. Lots of my time is spent thinking about or boosting our finances. Today I want to share with you some of my hopes for our future – including planning for my retirement. Now I know you’re probably glazing over at the thought of retirement BUT there is no better time to start working on your plan than RIGHT NOW! 

Why I'm planning for my retirement now

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A millennial’s guide to planning for retirement (AD)

AD. This is a guest post by Paul Farrugia, Partner & Chartered Financial Planner at Equilibrium Asset Management.

Planning for the future is a concept that many young people tend to ignore, preferring to focus on the here and now. Creating financial safety can be hard work so while it’s understandable why some people sweep this under the rug, ignoring this can lead to financial worries later in life.

In a recent survey, Equilibrium Asset Management found that 81% of millennials – those aged in 2018 between 22 and 37 years old – don’t have an investment or pension goal in place. Failure to have this type of objective could actually leave young people out of pocket further down the line.

A millennial’s guide to planning for retirement - Katykicker

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