Is it still fine to start a pension at age 40?

[Edward2]

Are you coming to this age where your pension is starting to panic?
Well, it's really not necessary.

At the age of 40 years, if not more, you still have 15 years to spend money on your future. Pension figures are based on median values and not on individual circumstances. You might not need that much, or you might need more. Time is still on your side however and you have enough time for your finances to be realistic. I am saying everything in our country's instances so I'm quite sure that we guys may differ with that.
Can you therefore share your ideas on this, please? Thank you.

 

[Herzhan]

The best time to start pension is when you are at age 25. Because you will save enough for yourself. Starting pension at age 40, it's not good enough, you will have limited time to save and that time you are getting older not younger anymore. It's not advisable to start pension at age 40

 

[Eyiteepraise]

The importance of any company mission is to make profit. A company mission means the mission of the company in the aim and purpose of the business.
A company mission enables a company to achieve it's mission in a very mean time.

 

[Tinaconcept]

Pension is something that should be started at earlier stage but our country of now and the situation of things most especially in this region where getting job is very difficult when someone will get job at the age of 40 what will you do

 

[Setho]

This is quite a tricky question as I always want planning for retirement and pension schemes to begin immediately you get your first job. Really, at 40 years of age you still have close to 20 years of active civil service so it is better you even start right away. You should choose from the many available insurance schemes fits you well for that age then enroll. You should also plan for having a business too.

 

[AmirSohail]

Anyone should get a pension after the age of at least 60. The disadvantage of taking a pension at the age of forty is that the person becomes free and becomes bored۔ And he starts to feel old before he is old

 

[Niftyyem]

If the situation you have found yourself has made that age the time you can start earning enough to save for pension, then go right ahead because it is not necessarily about how long but how well. Again, there is still about 20 years which is still long to make up for it.

 

[Hasan Raza]

Yeah! Definitely this is the best age for retirement. At this age you have a golden chance to do any business or you have leisure time to spend with family and to enjoy your life. With retirement you got huge amount in lum sum and that is your capital for business.

 

[Youngdee]

Starting your pension at age 40 is going to be a bad idea to be honest. You won’t be able to get much when you retire. In my country government workers spend 35 years in service, imagine starting your pension at 40 when you have less than 10-13 years of service left. You might end up not saving a lot for your retirement period. I think starting earlier will help get more money after retirement.

 

[Khezo]

If I'm not mistaken your question is like trying to say is it okay to retire at the age of 40. If that's your question then I can tell you that it's quite possible añd okay as long as you have enough capital to start æ ɓusiness

 

[iori23]

it's better if you have a younger pension in your 20's and your age because as you get older you will fall into your pension. 40 years old we can still save for a long time.

 

[GoldenLady]

Are you coming to this age where your pension is starting to panic?
Well, it's really not necessary.

At the age of 40 years, if not more, you still have 15 years to spend money on your future. Pension figures are based on median values and not on individual circumstances. You might not need that much, or you might need more. Time is still on your side however and you have enough time for your finances to be realistic. I am saying everything in our country's instances so I'm quite sure that we guys may differ with that.
Can you therefore share your ideas on this, please? Thank you.

Best if you start late, than starting never. You can still save a lot to keep you afloat if you have 15 to 20 years of service.

But I won't advice just relying on pension. Start looking for a way to make money other than that, while you still have time.

 

[Jeremiah Trump]

Starting a pension at 40 years old is a bad thing to start with because it is to bad to say that whenever you are not 60 years of age I think pension is for 60 or 55 years above so be careful because if you are collecting your pension at 40 years old then sorry to say but it wouldn’t last and saying you want to retire at 40 is bad because that is what you are already saying.

 

[Defaith]

Someone can't decide when to upstart collecting pension it's depend on the age you started your work in a government work so collecting pensions or age that someone will collect pension it doesn't speak it depends on the age you start up a work and you finish it if it's important if you are the age of 40 and you finish up with the government they have to pay you your pension

 

[Lagazine]

Are you coming to this age where your pension is starting to panic?
Well, it's really not necessary.

At the age of 40 years, if not more, you still have 15 years to spend money on your future. Pension figures are based on median values and not on individual circumstances. You might not need that much, or you might need more. Time is still on your side however and you have enough time for your finances to be realistic. I am saying everything in our country's instances so I'm quite sure that we guys may differ with that.
Can you therefore share your ideas on this, please? Thank you.

Working on pension at 40 is a dangerous game as its returns will not be encouraging at the end. Although, a lots of workers got a better pension scheme lately and might not merit from it at the very end, but I love being among the first set of people who enjoys something good, so I will not advice you to wait till 40 before joining that.

 

[DareIsrael]

I do not think it is too late to start a pension scheme at the age of 40. 40 years is still a good age to start or join a pension scheme. If the retirement age is 60, then you have 15 more years ahead of you. Personally, I think 30 or 35 is the best time to start.

 

[Eodine]

There is no or there should be no age limit s to when to a pension so far you know how much to be setting aside that would be okay for retirement since you are starting later than others. You could visit financial advisor to know what works best for you

 

[Rashid]

Yes you are right. But try this as early as possible. Because if you start pension at the age of 20 or 25 then you will be comfortable at later age. But at the 40s ot will be difficult to get or save much income for the later stage. But yes you have 10 15 years too for this so it is also fine.

 

[Thosynho]

Are you coming to this age where your pension is starting to panic?
Well, it's really not necessary.

At the age of 40 years, if not more, you still have 15 years to spend money on your future. Pension figures are based on median values and not on individual circumstances. You might not need that much, or you might need more. Time is still on your side however and you have enough time for your finances to be realistic. I am saying everything in our country's instances so I'm quite sure that we guys may differ with that.
Can you therefore share your ideas on this, please? Thank you.

In my country Nigeria, it does not work like that. The retirement age is 60 years or 35 years of active service. I don't think you can start receiving pension at age 40 maybe except you resign at your work place but you won't be getting your pension still until you clock that age.

 

[KvngMurphy]

The best time to start pension is when you are at age 25. Because you will save enough for yourself. Starting pension at age 40, it's not good enough, you will have limited time to save and that time you are getting older not younger anymore. It's not advisable to start pension at age 40

I don't know what country you are from but I know it's definitely not Nigeria. Over here in Nigeria a 25years old is just in his final year in the higher institution after which majority stay down for a year before youth service and if you're lucky after service you get a job or wait for some cople of years before luck finds you. What I'm trying to say is that starting your pension at 25 in Nigeria is impossible.