When is the opportune time to start a pension?

[Grant]

When would you say, is the opportune time to start a pension and adding to it? I have started mine, and I always consider that starting as soon as possible is ideal. One of my friends on the other hand, hasn't even established his own pension. Do you think he should finally set one up? Or learn the hard way? I've told him countless times, but he never listens.

 

[Mastercoded]

After 6 month when appointment letter was given to you. But some company might start immediately deducting pension right from your first pay.

 

[Victor72]

The opportune time for anyone to start up his pension fund is when he has less expenses, I Believe by the age of 55 to 60 you can start your pension fund

 

[Mostee501]

I believe after gaining employment into organisations that pay pensions on retirement,one should start working on his/her pension schemes, no need to wait until you're almost retired.

 

[Samuel77]

it is possible for you to start up your pension fund at any time but as for me I believe at the age of 55 to 60 is the appropriate time for you to start up your pension fund

 

[Muhammadawais]

Carefully choosing when to take your pension can significantly reduce your risk of running out of money. An analysis of when to start your pension income can be quite similar to analyzing when to start your Social Security benefits. Both pensions and Social Security offer guaranteed income for life. Additionally, pensions usually offer a choice that allows for continued income for a spouse, and Social Security offers survivor income as well.

 

[btaliat]

It is better to start earlier. Some companies have the provision of pension for their workers while others allow their workers to run it individually but hiw it is run, it is good to start earlier.

 

[Bookwormlux]

A pension is a good plan, but I feel it's also important to start a business plan that would sustain you far better than the pension you may be relying on. Pension is still good though.

 

[joy101]

A opportunity time to start for your pension when the person is going at of age, then you can start making plans about your pension fund.

 

[Sariana23]

When we talk about the beginning of paying the pension, I think that as soon as you start working you should start saving for this purpose, either in private or public companies. This is because the more you accumulate money, the more beneficial it will be when you reach pension age.

 

[Trexxxy]

There is no particular time frame on when to start, but it is advisable that you start as early as possible, as soon as you get a stable income job.

 

[Ehizzy1]

There is no particular time frame on when to start, but it is advisable that you start as early as possible, as soon as you get a stable income job.

Yeah true once you get a stable income job you can start generating profit but the important thing to take note is to maje sure the business is legit

 

[GIFTMICHAEL]

Their is only one time to process or seek for your pension. It comes during retirement, some countries retirement age is between 60-70 years. So by that time you should warm up to start going for the pension.

 

[Victor001]

It's dependent on the company,some companies prefer you start right away,others might be when you have start approaching retirement age.

 

[Josephjossy]

Pension is been paid after retirement, you need to retire before receiving a pension, in some countries it take more than 6months but normally it is 6months after retirement. So you can start expecting your pension, six months after retirement but it takes longer in some countries

 

[Nomad]

In our country, you will be entitled to pension only when you work for at least 20 years on the government position. There is no provision for pension in the private organization. Sadly, I do not work in government jobs.

 

[Josemendez]

For someone working in non governmental organization where he is not entitled to pension after retirement , he should save for his retirement right from when he got a job

 

[Adebola]

It will be wise to smart saving for pension as soon as you start having an in flow of cash so as to be able to save as much as you can before the body gets tired

 

[Richard92]

The best time and the opportune time for you to start up your pension planning your pension schemes is the first 5 to 10 years of your working years. With this you can be able to plan well and save more for your future.

 

[Ayokex]

This is one of the reasons I like the governmental appointment. Your pension program starts immediately you start collecting salary. For those who are working in private organization, it is advisable to start pension early.