When is the opportune time to start a pension?

[YERUS]

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.

The opportune time is 'before it gets too late'.
These days, people who are not civil servants still have a way of saving up something for themselves like a pension scheme, so that in the future, they can have what to depend on.

 

[kayode10]

It is best to start your pension at the earlier stage of your career. You should start pension immediately start working and they should be mid 20 towards early 30 years.

 

[Smiles20]

The best time that you should start a pension program is immediately when you start making money. What I am implying is that once you are gainfully employed or your business that's making profit then you should start saving for your retirement.

 

[Elfinito]

The best time to start saving to your pension is the first month when you start working.
You don't have to wait for some months or years.
The earlier the better, so it is wise to start early

 

[Robust]

One should start he/her saving before depending on pension as early as possible because things happen unjust now. Where by you do not even reach your retirement period/time but you get retired.

 

[HayKay]

As soon as you begin to receive any form of stable income even if it's monthly allowance as a kid or young adult, you need to start saving for emergency fund or open that kind of account so you'll have a good footing.

 

[Dagm1]

It is preferable to begin early. Some companies provide a pension plan for their employees, while others allow them to manage it on their own. Regardless of how it is managed, it is a good idea to get started as soon as possible.

 

[kayode10]

It is good to start a pension scheme if you are still in the early 20s and you are earning a good salary. This will give you a lot of rooms to build up your pension right from the early stage of your career.

 

[Mayox25]

Based on the pension law in my country it is not within the decision of the employees or employer to determine when to start. The moment you are employed in a government establishment then you are enrolled in the pension fund scheme,and if it is the private sector so far they have up to 10 employees then you are entitled to be enrolled in the pension scheme.

 

[Toyoabasi]

The opportune time is 'before it gets too late'.
These days, people who are not civil servants still have a way of saving up something for themselves like a pension scheme, so that in the future, they can have what to depend on.

Once you start working as a government worker, your pension funds are deducted from your salary every month. If you're self employed, you can start yours when you please, but it's better done earlier.

 

[Stnicholaz]

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.

It is necessary to start a pension once you have a stable source of income. Just most private companies in my country always try to frustrate workers pension.

 

[greenie]

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.

 

[Laurentta]

I would advice your friend to start up a pension fund as soon as possible. I feel it's best to start up a pension fund early so one could save up enough be he or she retires.

 

[Sincerem]

Individuals do have different lifestyle or working plan and they earn on various platforms or methods, you might be working for an organized firm, someone else might own Their own company. So the time to start saving for pension is the sole decision of the individual involved, but it is wise to begin early.

 

[frederick_9]

A pension is an excellent idea, but I believe it's equally crucial to establish a business strategy that would enable you to live significantly longer than you might be able to on your pension.
However, pension is still very good.

 

[Setho]

If you want to start a pension then it is advisable that you should start now and be saving as little as you can. There is no need to wait till you at 30 or 40 before you start saving.

 

[Alisco]

With regards to my country,it's only government employees that opportune to be offered pension and it's offered immidiate your years of service is exhausted that is retirement.