[Emmaojo]

You can start saving for retirement now by opening fixed deposit account and don't collect any ATM to withdraw soon.

--- 15 Jul 2023, 09:42 ---

You can start saving for retirement now by opening fixed deposit account and don't collect any ATM to withdraw soon.

[Nsikan]

When you start early to save for retirement, you would do it without any form f pressure.

[Angie10]

As soon as you start working, I'd say if your employer doesn't tell you, ask them about a contributory pension scheme and join it. I'm a full-time freelancer, so I don't enjoy that benefit. For that reason, every month I take a huge chunk of my earnings and put it in a foreign currency account which serves as my pension/ retirement package.

[astutimeliana723]

As soon as you start working, I'd say if your employer doesn't tell you, ask them about a contributory pension scheme and join it. I'm a full-time freelancer, so I don't enjoy that benefit. For that reason, every month I take a huge chunk of my earnings and put it in a foreign currency account which serves as my pension/ retirement package.

That's right I agree with you, I also don't actively work with other companies. I am self-employed so I save myself for my future needs.

[kennysplash]

I believe the moment you start working and earning money you should immediately begin planning for retirement.

[olaniyi]

Someone needs to start saving for retirement as soon as he or she get a good job because he will have as much as he or she save during the working period no time is too early

[Ofonime]

Someone needs to start saving for retirement as soon as he or she get a good job because he will have as much as he or she save during the working period no time is too early

I will say that immediately you get employed start saving money because. some day you will definitely need money to fall into or invest mostly when you get retired

[oldbuddy]

I think most American employers require employees to pay a fraction of their paycheck to Social Security, which pays a monthly amount to ALL retirees who qualify.

I didn't spend long enough 'employed' to qualify in the usual way, so I don't know ... you might ask @OldGuy or @OldMan

That is a true story and it's a mandatory program in the United States. The nicest part is for every dollar you save, your employer adds another dollar to it, so 50 years of working jobs that include this can easily give you a couple of grand a month for the rest of your life. Some say that is not enough to live on, but if you include learning to live debt free while you are doing it, you may be pleasantly surprised by how easy it is to accomplish.

So to get back to the original question, the sooner the better, but it's never too late. I started saving for my retirement when I retired 23 years ago and I am still doing it today.

[SHAHID987]

As soon as you can because inflation is increasing day by day, we used to see price increase of things 5% but in some cases here prices increased up to 200%. It's question of survival.

[Semi]

The best way to make sure that inflation does not mess with your retirement savings is to save in cryptocurrency.

As soon as you can because inflation is increasing day by day, we used to see price increase of things 5% but in some cases here prices increased up to 200%. It's question of survival.

[Vehlijanta]

You should start when you get your first salary

[Reedex]

It is always good to start saving for retirement now because that is how you can guarantee your future

[GoldenLady]

I prefer to have investments that will pay me instead of savings money for retirement. This way, I can beat inflation and still have more money for other investments.

[germainebull]

Ideally, a person should begin saving for her retirement years as soon as she begins earning an income.

The good thing is that one does not necessary need to following the traditional ways of retirement savings which entail putting some money in a savings scheme.
With an open mind, a person can devise an original retirement savings program.

[nela13]

As soon as you start working, I'd say if your employer doesn't tell you, ask them about a contributory pension scheme and join it

Here the employer is obliged by law to make contributions to the employee's social security, it is automatic.

[Presh]

You would need to start saving for your retirement like 5 years after you have started actively earning an income regularly.

[Vehlijanta]

If you haven't started as yet then you need to start immediately

[junrose123]

Yeah I believe that it is much better if we can start saving immediately for our retirement because we can save more and be prepared well for future emergencies.

[crestcapital]

You need to start saving immediately because saving is needed . The major reason why is that it will serve as a way to solve some financial problems.

[Richie10]

Anyone that has clocked 30 probably has 35 years left to work and must start saving for retirement because that 35 years left for active work only appears like a long time on paper.