according to my own point of view I believe it is best and it is right to start your pension at the age of 40 this is because at this point in time you can do anything of your choice and also at this point you have understand your material life.
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Absolutely not, starting a pension plan at the age of 40 is rather late, I’ll suggest if not a pension putting aside something from your income from age 25 so that when you get to age 40 living will not be hard.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.
Though it is highly advisable to start pension as early as possible but starting at 40 is not a crime. It's still better that not starting at all. Starting at that age you already know that the your pension after retirement will be very small.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.