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

[Greatguy1]

There it's never a time to begin a pension fund that is too late. At 40, you can start saving some cash little by little using pension fund administrators and it will help you during retirement or when you need it. The capital is intact and receive interest accrued on payment as at when due.

 

[Abdul Naveed]

While 40 may be a modern time in life to think about your retirement plans, it won't be too late. With the recent increase in the age of state pension, you now have 28 years left until you become eligible for state pension, so you still have time to save for a comfortable retirement.

 

[Xerryl]

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

 

[Jlife]

you are even late at least you should have started by the age of 20 or 25 because that is the best time you can actually plan for your retirement and pension starting at the age of 40,this is just a late planning ,these are the things that I've done many years ago

 

[Alihassan]

Yes you may plan your pension when you are above 40 but keep it in mind that it should jot be late than 50 years of age.

 

[Richard92]

Although it is too late to start pension at the age of 40 but since it is beneficial the pensioner can start saving for his pension however pension is to assist the worker after service most workers start their pension service earlier but those who are not aware that started late it is not a bad idea.

 

[Adeyoola7]

While 40 might be a more advanced time of life to be thinking about your retirement plans, it's by no means too late. With the recent increase in State pension age you now have another 28 years until you're eligible for a State pension , so you've still got time to save for a comfortable retirement

 

[Halexcity]

Thats even age advantage because the earlier you invest in your pention the more you start earning and be enjoying your money. So Investing your earlier pention will bring more profit for you.

 

[Usama Iqbal]

Yes it will be good idea if someone retired at the age of 40. After retirementemnt he can start his own business. No doubt the money of pension is not enough but if we use it in better way we can earn more money. So if someone have knowledge and experience about the business he can start small business through the pension money.

 

[Judee201]

Starting one’s pension early could increases one’s payout upon retirement. It ensures that even upon retirement, you can still afford the best of feeding, healthcare and so on. The importance of starting early can also be seen in Mcphail’s statement when he said “Even if you don’t want to commit to a pension early on, at least start saving, you can always move the money across to a pension later on.

 

[DareIsrael]

In Nigeria, most person have not even started thinking of retirement plan. And this is very wrong. Some work until 60 to 70 years before retiring mainly because of the fear of retiring and not have something to give them money.

 

[Abbeyola]

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.

Yes, it is still okay to start pension at age forty,it is better late than never. Some people don't get a pensionable job until they attain age forty and some beyond that age.
So, it all depends on when that good job comes or when you get a civil service appointment that will give room for pension.

 

[Asma]

it not good to get pension at the age of 40 because it short time period of your service and you not get much amount as per gragvity funds, As your serivce is 60 you get more and at the time you get amount use in starting business...

 

[HIFSA LAHORI]

I think so 40 is the ideal age for pension. Because in this age you should start a business after leaving the job. You can also give time to your family and develop your children in their studies.

 

[Praaizz]

Globally, I don't think there is a stipulated time or age one must reach before eligible to start preparing its pension, in fact most will advise you to as early as possible, in fact if convemientnits better theoment one start working from its twenties he or she can syart preparing and embarking on a pension plan.

 

[Shahzaib37]

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.

I think 40 your age is not good for getting pension if you do more work then it is more than by my opinion 50 to 60 years is a good age if he ability to work.and pension is a good for a government employee and it is life time opportunity and by this he start a new business.

 

[zahidhussain]

Though you can actually start your pension at that age. It's not actually advisable reason because you have just about 20 years of service left. You won't be able to add much to your pension fund. Unless you are on a very high salary then you will be able to save something significant.

I think it is not a good opion to retire at the age of 40.In Pakistan a man can get job at the age of 25 to 30 and retire at the age of 60.So I think at the age of 40 is not suitable.After retirement he should run a small buisness

 

[Khizar iqbal]

In some countries the retirement age is 40 years and in some countries it is up to 60 years. This is the best age when a person retires from his job and spends the rest of his life in peace.He spends his life at home, either doing business or looking for a job.

 

[Muhammad hussain]

Yes, you are right. The true age of tension is from forty to fifty years. In the meantime, if you take the tension, you will remain the same.Because at this time you are tired, because you are older, you can't do much work.Before you start a job, you are twenty-five years old. You are young and can work hard, but when you are forty years old.You get older so you should listen to tension at this age

 

[Irfanali]

At age 40, you still have at least 15 years left, if not more, to make money for your future. On average, it is said that 26 260,000 is enough for a comfortable pension. If you feel inferior then don't worry.