When should you start adding to your pension?

[Richard92]

The setting aside of money for later days ater retierment in form of pension is very good,whether you are self employed,you can set aside a pension fund and be growing it as the years goes by.This will serve as a fall back plan when you eventually decide to retire fully from your business.

I agree with you that it's better to have a set aside money apart from your pension this is an additional advantage to your pension after retirement which will help you in investment.

 

[Funky]

This is a tactical question because majority feel that the money they are making is not enough making it difficult to save for pension but I think from ten years to retirement one should really try to save.

 

[Lens]

The thread is an eye opener to the fact that one day, you will retire and will have something tangible to depend on. I will contact a trusted pension fund manager to enlighten me on this . I am highly interested. The earlier the better

 

[tyrim88]

When you are above forty years of age and when you have good income sources and can manage to save some money, then I think you are ready to add funds to your pension. However, I would prefer to join a job that offers its own pension plan

most organisaton that really has the interest of the employees at heart,would create a pension scheme for all theemployess under its pay list.And that you have authomatically entered into a pension plan.But you can decide to set aside some money for your retirement benefit,and i don't think any age would be required for that,once you are ready you can start.

 

[Richard92]

Starting pension fund on time is cool but I'll prefer to use my early stage money to invest or start up a business rather than thinking of retirement at that time.

You can start saving from your pension from the first five to 10 years is that working in an organisation with the issue may be able to get enough money before your retirement and this will be enough for you to start up a business.

 

[Chibson]

It is very important that people start saving for their pension very early in their working life because that will go a very long way in helping them when they retire

 

[BrolySSJ]

Working online can make it tough to add to your pension, as I imagine the lot of us are self employed contractors, and due to that, we don't have official employers to pay into our pensions. That is left for us to do ourselves, just like calculating the amount of taxes you need to take out.

Anyway, I sadly haven't saved much in my pension yet. Has anyone here invested into their pension yet? How is it when you're self employed?

I think that if you are self employed then you have to setup your own pension fund then this can be in terms of a savings account or something that can help you to put aside money for your future self.

 

[Dowenship]

Working online can make it tough to add to your pension, as I imagine the lot of us are self employed contractors, and due to that, we don't have official employers to pay into our pensions. That is left for us to do ourselves, just like calculating the amount of taxes you need to take out.

Anyway, I sadly haven't saved much in my pension yet. Has anyone here invested into their pension yet? How is it when you're self employed?

There's no time that is speculated for adding up ones pension. As long you are gain substantial profit even at the age one must start adding up pension

 

[Alexandoy]

The thread is an eye opener to the fact that one day, you will retire and will have something tangible to depend on. I will contact a trusted pension fund manager to enlighten me on this . I am highly interested. The earlier the better

Yes, this is a good topic for the younger people here. At least they can be aware of the retirement period that will come whether they like it or not. It is not too late to invest or to prepare for your retirement. Just bear in mind that you need the most money that you can have when you retire.

 

[Richard92]

Yes, this is a good topic for the younger people here. At least they can be aware of the retirement period that will come whether they like it or not. It is not too late to invest or to prepare for your retirement. Just bear in mind that you need the most money that you can have when you retire.

You should start adding to your pension from the first 5 to 10 working yes in an organisation at least that is a good time for you to start your pension scheme.

 

[Nurudeen]

I think If one is not really working with the government, what the person should be after and be talking about is investment. If you have a solid Investment before retirement, the investment profit will definitely be beneficial to you

 

[eLdavis]

There is no set time for one to start saving for pension like i have said before, the earlier you start, the better for you. Most persons usually wait till they start making millions before they would start thinking about that.

 

[akinlolu99]

Your groundwork for life after retirement should start very quickly when you begin to bring in cash. Toe I do accept the most ideal approach to get ready for my retirement is to set aside up some cash and after some time then I put resources into a business that brings yield over the long run.

 

[Setho]

Something I believe that has worked for a lot of people is to start preparing for your pension immediately when you get employed as you will find it a lot much easier.

 

[Maphalle]

In most countries when you work for government or private sectors they deduct from your salary for pension fund from the first month you start earning. So if you're a self employed person the earlier the better and as long as you earn you must think of pension fund.

 

[Kelly5]

The very moment you just got that job, thst is the time you should be adding to your pension plan. You shouldn't wait till when you're almost into the years in your employment before begining to contribute to your pension plan

 

[Nomad]

If you are employed with government agencies and big corporations and if you plan to work for at least 20 years I don't think you should worry about building your pension.

 

[Chibson]

It is very important for people to start adding to their pension as soon as possible because there is age you will get to and you can't work effectively to save enough.

 

[Filicit]

To the best of my knowledge there is no right time to start a pension plan or start adding to it, you can never have enough to spend for your savings

 

[Richard92]

To the best of my knowledge there is no right time to start a pension plan or start adding to it, you can never have enough to spend for your savings

As a wise worker you should start adding up your pension from the first 5 to 10 years when you start working in an organisation with this you can be able to save more before retirement.