At what age should you begin a pension fund?

[GoldenLady]

Most organizations that already have working pension plans for their staff get you started immediately you start working with them. If you work for an organization without such plans, it is up to you to decide when to start.

 

[Smiles20]

There is no particular age that you are going to mark it as the perfect time to start planning for your retirement but instead immediately when you start making money.

 

[Nomad]

If you do not want to be in financial trouble when you are in old age, you should start saving for your retirement as soon as you start earning. The best way to build a pension fund is buy term life insurance program.

 

[eenya00]

If you do not want to be in financial trouble when you are in old age, you should start saving for your retirement as soon as you start earning. The best way to build a pension fund is buy term life insurance program.

the insurance program i tried enquiring about from an insurance broker, was rather too expensive for me for now and i need to work towards been able to afford it as it would be a wise investment.

 

[Nomad]

If you insure for a lesser amount, you will be paying a lesser amount as a premium, which might save you find your inability to get an insurance plan. Insurance is very essential not only to get financial coverage during difficulties but also help you to become financially secure.

 

[eenya00]

If you insure for a lesser amount, you will be paying a lesser amount as a premium, which might save you find your inability to get an insurance plan. Insurance is very essential not only to get financial coverage during difficulties but also help you to become financially secure.

Can you explain the aspect of been financial secure? Because up till now I only know insurance as a scheme that protects you incase you encounter losses that are beyond your control or not your doing

 

[Nomad]

Can you explain the aspect of been financial secure? Because up till now I only know insurance as a scheme that protects you incase you encounter losses that are beyond your control or not your doing

When you buy term life insurance for $5000, by the end of your term (which could be 10, 20, 25, etc.) you will receive $5000 along with an insurance bonus. If something happened you during you insured term, you still get coverage

 

[Yohanna]

You should start saving up for your pension any moment in time and there's no specific time you should start but you shouldn't start late because if you start late,.it is going to be detrimental.

 

[eenya00]

You should start saving up for your pension any moment in time and there's no specific time you should start but you shouldn't start late because if you start late,.it is going to be detrimental.

there is actually no specific time you should start saving, but what we are advocating for is that the earlier you start saving up fund the better for you, and it saves you a lot of issue.

 

[Busybee]

It would be best if you could start your investing in a pension scheme after you have completed one year of service.