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Re: How soon does one needs to start saving for retirement?

Postby Miley K » 01 Sep 2023, 09:45

I believe that you should start saving for retirement five years to the time you would retire if you are a government worker. After all, they would pay you pension.
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Re: How soon does one needs to start saving for retirement?

Postby augusta » 01 Sep 2023, 11:16

We want to live for a long time and of course old age will set in. it is up to you to everyone to be financially ready for this time
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Re: How soon does one needs to start saving for retirement?

Postby nela13 » 01 Sep 2023, 11:54

oldbuddy wrote:Start Soon, Add More Often and Never Stop. I am 85 Now and have been retired 23 Years, but I add more daily from working online.

But are you currently already receiving the savings you made for retirement throughout your life?
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Re: How soon does one needs to start saving for retirement?

Postby oldbuddy » 01 Sep 2023, 14:34

nela13 wrote:
oldbuddy wrote:Start Soon, Add More Often and Never Stop. I am 85 Now and have been retired 23 Years, but I add more daily from working online.

But are you currently already receiving the savings you made for retirement throughout your life?

Absolutely, but those dollars are not worth as much as when I saved them, so the saving requirements keep going up.
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Working on a New Side-Hustle

Since age is no longer creeping up on me, but rushing in like an NFL ball carrier on 4th down from the 1 yard line. it's very simple.
My 1st success has been https://cashcowtraffic.com/?rid=1631
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Re: How soon does one needs to start saving for retirement?

Postby olaniyi » 01 Sep 2023, 15:50

If I am responsible for advising someone asking this question my reply will be he or she should start now because no amount is too much to save
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Re: How soon does one needs to start saving for retirement?

Postby Recob » 02 Sep 2023, 03:00

It is best if One can start within the early 20s or early 39s but no time is actually too late. Anyone who has not yet started can actually start.now..
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Re: How soon does one needs to start saving for retirement?

Postby Starmix » 02 Sep 2023, 06:33

At work, it is an automatic deduction from our salaries for retirement. Once the employee retires it is all the time to stop deducting our payroll.
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Re: How soon does one needs to start saving for retirement?

Postby Ravic » 02 Sep 2023, 06:47

That is why it's better to work in a structured place. They deduct 1% of our pay for retirement the day you start working.
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Re: How soon does one needs to start saving for retirement?

Postby Abdulquadri400 » 02 Sep 2023, 06:49

Young adults need to start regularly saving by age 25 to have a least $1 million to retire on,
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Re: How soon does one needs to start saving for retirement?

Postby Inem » 02 Sep 2023, 06:56

The moment you start working, know that you would retire. Start planning for it by saving down.
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Re: How soon does one needs to start saving for retirement?

Postby JASPREET » 02 Sep 2023, 07:05

It is better to start as early as possible and many say it should be when we start getting our first salary
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Re: How soon does one needs to start saving for retirement?

Postby kennysplash » 02 Sep 2023, 12:20

The earlier one starts the better, so I will suggest you start immediately you get your very first paycheck and be consistent.
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Re: How soon does one needs to start saving for retirement?

Postby Laurentta » 02 Sep 2023, 14:13

I believe one should start preparing for retirement as soon as one gets a job. The earlier one prepares for retirement, the better.
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Re: How soon does one needs to start saving for retirement?

Postby Vehlijanta » 02 Sep 2023, 14:20

Around 21st years of age you can get a job and that's when you need to think and plan about retirement
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Re: How soon does one needs to start saving for retirement?

Postby stan358 » 04 Sep 2023, 11:43

Vehlijanta wrote:Around 21st years of age you can get a job and that's when you need to think and plan about retirement
Actually no time is stated but it is necessary to start saving early for your retirement so that you do not work all your life..
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Re: How soon does one needs to start saving for retirement?

Postby nela13 » 04 Sep 2023, 17:09

stan358 wrote:Actually no time is stated but it is necessary to start saving early for your retirement so that you do not work all your life..

There is a movement called FIRE (Financial Independence Retire Early) I am trying to learn with them so I can retire early and enjoy my life and my family. It is not easy and for me it will be hard but if I learn something more and improve my financial situation with them I will be happy.
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Re: How soon does one needs to start saving for retirement?

Postby Pousinha » 04 Sep 2023, 17:57

Starmix wrote:At work, it is an automatic deduction from our salaries for retirement. Once the employee retires it is all the time to stop deducting our payroll.


That's for lucky people counting on a classic offline 9 to 5 job. Unfortunately not for self-employed, freelancers and entrepreneurs. In such cases, it's necessary to save and invest, whenever possible.
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Re: How soon does one needs to start saving for retirement?

Postby Miley K » 04 Sep 2023, 19:02

As soon as one almost reaches the retirement stage one can start saving
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Re: How soon does one needs to start saving for retirement?

Postby Semi » 04 Sep 2023, 19:09

Miley K wrote:As soon as one almost reaches the retirement stage one can start saving
If anyone uses this pattern, such a person would have a miserable retirement. Unless it is a pensionable job.
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Re: How soon does one needs to start saving for retirement?

Postby Ravic » 04 Sep 2023, 20:24

On the flip side, is there even an ideal amount that someone can save to last one all through retirement? I think investing in real estate for retirement is the best..
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