At what age should you begin a pension fund?

[Toyoabasi]

Basically a pension fund is the income that you will get when you are older and you are not working at that time and it is necessary in order to sustain you and meet your financial needs of the course of a month. The reason why I say over the course of a month is that it is generally paid out on a monthly basis similar to how a salary is done and then you use that money and wanted to pay for any living expenses or other expenses that you may have.

However what is an appropriate age in order to begin making or funding a pension fund? The reason why I'm asking this is that the Logical thing would be to start putting aside money into a pension fund as soon as possible in order to ensure that you have sufficient funds at the later stage in your life and that you can live comfortably at that point. Is it possible to begin a pension fund at an early age before you start to work?

At an early age before you start to work?
Yes, if possible.
I will start raising my pension fund soon, I haven't really given it a thought until now.

 

[Skysaint]

As early enough as possible, we should be aware that what they do normally pay as pension is not always enough to sustain you at that point in time so we should start early enough to plan for that period

 

[Immilash]

There's is no wrong age to start your pension fund. But it is advisable to start it as soon as possible. It will help you overcome many challenges of life.

 

[Syldan]

Best on my personal experience, there is no specific age that is expected of an individual to start planning of pension fund. To me, at the moment or time you began to make income for yourself,it's the right time to start thinking of pension fund.

 

[Immilash]

I start saving up to my pension whenever I begin to earn a stable income that my own idea,But you can decide to start saving even from now.

 

[Laurentta]

There's no specific age to start a pension fund. The best time to start a pension find is immediately you start working.

 

[greenie]

Government workers and employees of some big organizations starts their compulsory pension contribution from their first salary. It's equally good to set up a personal pension fund within the first six months of working, where you make monthly contributions towards your retirement.

 

[Blessedsam60]

I don't think when it comes to pension, that age matters more than the number of working years. You have to check and start pension once you have worked for two to three years and have gathered something to start life with.

 

[Ononivami]

You could start your pension fund very early at your thirties. This will put more money on your pension scheme and will guarantee more money in the future. It could be a way of creating fortune for the future.

 

[tyrim88]

Basically a pension fund is the income that you will get when you are older and you are not working at that time and it is necessary in order to sustain you and meet your financial needs of the course of a month. The reason why I say over the course of a month is that it is generally paid out on a monthly basis similar to how a salary is done and then you use that money and wanted to pay for any living expenses or other expenses that you may have.

However what is an appropriate age in order to begin making or funding a pension fund? The reason why I'm asking this is that the Logical thing would be to start putting aside money into a pension fund as soon as possible in order to ensure that you have sufficient funds at the later stage in your life and that you can live comfortably at that point. Is it possible to begin a pension fund at an early age before you start to work?

The issue of pension funding which is a fraction of the salary a beneficiary would get at the end of his service,is supposed to be set aside as soon as he starts his job with the organisation to avoid issue of non payment at the end of the service period.

 

[Lucy ID]

I will start a pension fund for myself as soon or early as possible, as such as I can earn a good amount of money steadily then I'm ready for it because if you start on time you will be able to have more for yourself or enough for you

 

[Sincerem]

Well, pension doesn't have an age limiting factor , but it is more of what needs or problems you are interested to insure against. You can get pension plan that best suits your needs and lifestyle and your age doesn't really count.

 

[Syldan]

Actually I dont think there is any specific age that is considered as the best age to start pension fund because if you can not start it when you are still young, you can not be able to start it when you are old.

 

[Castelione]

You can start saving for your pension plan as soon as you can. No one knows how long we can have the income that we have right now as life situation changes from day to day. So better plan for the future as soon as possible.

 

[Bookwormlux]

There is actually no point thinking about this type of planning because you have to think about how to be making good amount of money so that you do not even have to bother yourself about things like this.

 

[Syldan]

Personally I dont think, there is any specific time or age for someone to start planning for his retirement or pension fund because life is full of so many uncertainties that can be predicted.

 

[tyrim88]

You could start your pension fund very early at your thirties. This will put more money on your pension scheme and will guarantee more money in the future. It could be a way of creating fortune for the future.

That is definitely true though,but if one is oppourtune to start very early,then it will be an added advantage for the person that is involved,but the benefit will be felt more when you have spent more years on the job.

 

[Ononivami]

That is definitely true though,but if one is oppourtune to start very early,then it will be an added advantage for the person that is involved,but the benefit will be felt more when you have spent more years on the job.

Starting to save for your pension at early age would be at an advantage because you'll be able to save substantial amount of income that would be enough to establish a very good business in the future.

 

[tyrim88]

You could start your pension fund very early at your thirties. This will put more money on your pension scheme and will guarantee more money in the future. It could be a way of creating fortune for the future.

That is definitely true though,but if one is oppourtune to start very early,then it will be an added advantage for the person that is involved,but the benefit will be felt more when you have spent more years on the job.

 

[Syldan]

Personally I think no agebis a specific age but all age are good age to start planning for your pension. Anyone who plan early against the future, will reap early and better.

Starting to save for your pension at early age would be at an advantage because you'll be able to save substantial amount of income that would be enough to establish a very good business in the future.

Actually savings for pension at a younger age is the best option which will helped you save more than enough before you could get old, it has begin to multiply in bring much income.