❓ASK At what age should you begin a pension fund?

skyliequiz

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When you start making money. It is important to create a rough strategy and continue to fine-tune it as you progress. During retirement, one should have enough cash flow so that they are not financially dependent on others.
 

BrolySSJ

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I would advice that once you start earning something reasonable no matter the age, it is best you start saving and making plans for your pension. There is actually no legal or legit age for one to start, but it is best to start early.
Starting your own pension fund as soon as possible is a very good idea because it will also allow you to live a more comfortable life when you do end up retiring.
 
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There is no specific age placed for one to start planning their pension. But it will be more wiser to be on it the moment you get an employment for yourself
 

BrolySSJ

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There is no specific age placed for one to start planning their pension. But it will be more wiser to be on it the moment you get an employment for yourself
Generally most of the companies actually offer you a pension fund as part of your salary package so it becomes mandatory for you to have a pension fund in your name from a legal standpoint.
 

eLdavis

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Starting your own pension fund as soon as possible is a very good idea because it will also allow you to live a more comfortable life when you do end up retiring.
Yes, it gives you enough time to save up something reasonable and it also gives you lots of time to think about how to spend the pension and businesses to try out during retirement time.
 

Chibson

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In my country it is at the age of 60 but you can start it even before to that age if you retire before then. It is usually started after about six months of your retirement.
 

Richard92

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You can start saving in a pension fund as soon as you are financially capable to do so. You must not necessarily be very rich before you can start saving in the pension fund. But once you earn a reasonable amount of money, you can begin irrespective of your age. Though the earlier the better.
You can begin your pension fund at the age of 30 with that before retirement at the age of 60 you'll be able to save enough money for your you and your family.
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Depending on the time you starting to work from there them will start counting it from you till 35 years of working, then you get retired in government workers you will work for 35years before retired. Then them started paying pension.
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Depending on the time you starting to work from there them will start counting it from you till 35 years of working, then you get retired in government workers you will work for 35years before retired. Then them started paying pension.
I can begin my pension fund at my first ten to 5 years of working in a particular organisation. With these are can be able to save enough after my retirement.
 
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Ub40

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Actually, pension fund supposed to be what a retiree should turn to after retirement, but is rather unfortunate that in some countries these set of people are not given this money after labouring and serving their countries for years. With this, I think it is better for one to start funding pension as early as possible. It is just my opinion. Thanks for sharing this wonderful article.
 

BrolySSJ

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Actually, pension fund supposed to be what a retiree should turn to after retirement, but is rather unfortunate that in some countries these set of people are not given this money after labouring and serving their countries for years. With this, I think it is better for one to start funding pension as early as possible. It is just my opinion. Thanks for sharing this wonderful article.
The sooner that you start when it comes to a pension fund the better your lifestyle is likely to be in the later stages of your life. When you are not working you want to be able to live a comfortable life and at the same time still be able to spoil yourself from time to time and a pension fund if started early enough can do this for you.
 

Alexandoy

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The sooner that you start when it comes to a pension fund the better your lifestyle is likely to be in the later stages of your life. When you are not working you want to be able to live a comfortable life and at the same time still be able to spoil yourself from time to time and a pension fund if started early enough can do this for you.
It is good to start building the pension plan as early as you can. However, you just have to be sure that the insurance company is legit so that you can be assured that your pension plan will be given to you when you retire. An insurance company that goes bankrupt would be a problem to you if that happens.
 

Bousine123

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Immediately you get into the working class would be a perfect time to start your retirement or pension plans. The earlier the better.
 

Dagm1

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If you mean possessing an individual pension plan money after that that's a great perfect, it Wil certainly assist when you retire, you will not have to depend on anybody. however as an employee the company supervises of that.
 

Georgeadawara

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It is not about the particular year, it's when you start getting stable income. If you are not earning there is no way u can save. If you start earning early its best u start saving like 10 or 12% of your income for retirement purpose but in case you didn't earn early then it will be best u contribute more than that percentage
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It is not about the particular year, it's when you start getting stable income. If you are not earning there is no way u can save. If you start earning early its best u start saving like 10 or 12% of your income for retirement purpose but in case you didn't earn early then it will be best u contribute more than that percentage
 

BrolySSJ

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It is good to start building the pension plan as early as you can. However, you just have to be sure that the insurance company is legit so that you can be assured that your pension plan will be given to you when you retire. An insurance company that goes bankrupt would be a problem to you if that happens.
This is a good point. I think that there are so many people that are focused on trying to secure money for themselves at a later point that they sometimes may fail to do the due diligence in order to see if the website or company is legitimate.
 

Yusuf

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I really don't think starting a pension fund account should be associated with age. So far you are already working and you can save out of your money I think the best thing is to open a pension fund account
 

BrolySSJ

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I really don't think starting a pension fund account should be associated with age. So far you are already working and you can save out of your money I think the best thing is to open a pension fund account
This is a very good idea and the earlier that you start with these things the better that it will work out for you because then you will have more money that is set aside for your future as well. This will mean a better lifestyle in the future.
 

Richard92

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Depending on the time you starting to work from there them will start counting it from you till 35 years of working, then you get retired in government workers you will work for 35years before retired. Then them started paying pension.
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Depending on the time you starting to work from there them will start counting it from you till 35 years of working, then you get retired in government workers you will work for 35years before retired. Then them started paying pension.
You can be able to begin a pension saving phone from the first five years you start working in an organisation with the is you'll be able to save enough money before you retire from that organisation
 

Setho

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There is no particular age that you should try to start investing in your pension instead you should start saving for it immediately when you start earning income.
 

BrolySSJ

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You can be able to begin a pension saving phone from the first five years you start working in an organisation with the is you'll be able to save enough money before you retire from that organisation
I think that people tend to start a pension fund as soon as you can because it will allow them to develop some sort of financial security at a later stage in their life which is very important.
 

Richard92

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Depending on the time you starting to work from there them will start counting it from you till 35 years of working, then you get retired in government workers you will work for 35years before retired. Then them started paying pension.
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Depending on the time you starting to work from there them will start counting it from you till 35 years of working, then you get retired in government workers you will work for 35years before retired. Then them started paying pension.
Begin a pension from the first 5 to 10 working years in an organisation so that you will be able to save more pension before the end of you're working years.
 
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