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

[skyliequiz]

The sooner you can begin saving for retirement, the better. However, if you want to save for items like a house or a vehicle and believe you won't be able to do so while also saving for a pension, you might start later.

 

[joy101]

I think is really good to start your pension on time before your old age because it is very good to start it on time, like age of 35 and above that is good time to start it.

 

[Trexxxy]

It's better to start preparing for your retirement at the early stage and age 40years is good to start preparing for the future, most people don't think about starting preparation do the future.

True, I don't see why you can start planning your future at the age of 40yrs, I think a lot of people think that is too old. I find it funny.

 

[GIFTMICHAEL]

When you're retired at such an early age, you'll need to wait for long time to reach the right age of pension reward, which is 60-65 years. You can't earn pension wages at 40.

 

[Richard92]

Its better to start preparing your retirements at the early stage and age 40years is good to start preparing for the future , most people dont think about starting preparation do the future.

Starting up a pension does not depend on the real age of the individual it's depend on the working yes of that individual if you are she has just work for five to ten years in an organisation she can still go for pension scheme.

 

[Senator]

I think there is nothing too late for one to start his or her pension contribution at that age of 40. As you obviously know that he still has about fifteen to twenty years left in his service depending on when he started work

 

[Setho]

The average age of retirement and in my country it is 60 year so if you start at 40 you will still have about 20 years to plan for it so it is still very well worth it.

 

[Kelly5]

Well to me, I feel it is still okay and fine to start your contributory pensions scheme when one is at the age of fourty. It cannot be too late yet at that age

 

[Richard92]

Well to me, I feel it is still okay and fine to start your contributory pensions scheme when one is at the age of fourty. It cannot be too late yet at that age

You don't use it to start a pension at 40 and because it's already getting late but one can still start up your pension at that age and still get enough money.

 

[BrolySSJ]

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 agree with you. I don't think that you are ever too old to start a pension fund and that at any age you can begin one to ensure financial security for your future. However you have to ensure that you continuously add to that pension fund to build up a good reserve amount.

 

[Richard92]

I agree with you. I don't think that you are ever too old to start a pension fund and that at any age you can begin one to ensure financial security for your future. However you have to ensure that you continuously add to that pension fund to build up a good reserve amount.

I will say it is okay to stop a pension at the age of 40 when you're working here yes not up to 10 years we do is you can be able to save enough for your pension.

 

[Alexandoy]

Well to me, I feel it is still okay and fine to start your contributory pensions scheme when one is at the age of fourty. It cannot be too late yet at that age

If you have an excess in your monthly earnings my suggestion is to open a bank account for your personal retirement plan. Save a fixed amount every payday by depositing to that retirement bank account. After 20 years the money can perhaps buy a small lot or can be a down payment for a property.

 

[BrolySSJ]

I will say it is okay to stop a pension at the age of 40 when you're working here yes not up to 10 years we do is you can be able to save enough for your pension.

Exactly it all comes down to trying to save as much money as possible in order to live a comfortable lifestyle when you are not in a constant source of employment. For many people there are even able to claim a specific portion of the pension fund from the government who actually subsidizes a small portion of the expenses.

 

[Richard92]

Exactly it all comes down to trying to save as much money as possible in order to live a comfortable lifestyle when you are not in a constant source of employment. For many people there are even able to claim a specific portion of the pension fund from the government who actually subsidizes a small portion of the expenses.

It is fine to start a pension at the age of 40 when you started working in the organisation late because it is only the working here is that determines your pension not.

 

[BrolySSJ]

It is fine to start a pension at the age of 40 when you started working in the organisation late because it is only the working here is that determines your pension not.

Exactly my point as well because any age that you start a pension fund is money that you are saving up for your future and that it can never be a too late of a stage.

 

[skyliequiz]

It is quite possible to start a pension in your forties. However, in order to be practical, you must be responsible when it comes to contributing to your pension fund. It is recommended that you have twice your yearly pay in your pension pot by the age of 40.

 

[Didosky]

Yes.. starting a pension at that age has never been a bad thing.. just give it a try

 

[tyrim88]

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.

I think the best time to start up something is that very moment the idea hits you and you find the environment conducive enough.Pension at age 40 should be seen that way.Because one still have some couple of years ahead to fulfil his dreams.

 

[Richard92]

I think the best time to start up something is that very moment the idea hits you and you find the environment conducive enough.Pension at age 40 should be seen that way.Because one still have some couple of years ahead to fulfil his dreams.

This all depends if you have long time at least 20 years to work in an organisation if you start saving a pension you'll be able to have a much at the end of the day.

 

[jeff87]

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

In my country the age to receive pension is sixty years old and not forty years old. If a person opted to retire at forty it will be his personal decision. But what I use to see here in our place is that people retired at age 60.