I would advise that immediately one starts getting income from a job and it is a good pay then the next thing is how to settle down, build a life and then start thinking about how to set up a retirement plan
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Before the age of 40 you should have been thinking of building up a pension. Check your finances for an extra funds that you can spare for your savings. Instead of depositing in the bank you can use that extra money to pay for the monthly premium. After 20 years you will have a retirement fund that is substantial.I would advise that immediately one starts getting income from a job and it is a good pay then the next thing is how to settle down, build a life and then start thinking about how to set up a retirement plan
If you are lucky and you start paying your pension fund early at forty then you can save up to twenty five years if you work in a public institute since it has increasedBefore the age of 40 you should have been thinking of building up a pension. Check your finances for an extra funds that you can spare for your savings. Instead of depositing in the bank you can use that extra money to pay for the monthly premium. After 20 years you will have a retirement fund that is substantial.
I think that for most companies you are actually given a pension fund from the first day that you start working at the company because it is included in your salary.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.