Why you should start planning your retirement when you’re 25!

You will be prepared to face the unexpected

As we grow older it’s inevitable that sudden expenses will arise. Illness is something that we have to be prepared for. Today, medical bills can  be a significant drain on your savings, but a retirement plan would give you and your family the confidence to face such situations in the future with confidence.

You could retire rich

If you plan ahead and save wisely for your retirement, you could retire with a handsome fund which will give you confidence to face the future and not worry about finances in your retirement.

You’re making your money work for you

Rather than consistently slaving away at your job, trying to make ends meet while also trying to build a solid savings account, by saving small amounts from an early age those small contributions will continue to grow. As your get older you can even increase those contributions so that your fund grows at a faster rate.

Enjoy what you want to do when you have the time.

Retirement is a fantastic phase in your life if you plan well ahead. It gives you the time to take part in activities you never could during your career. It gives you the opportunity to travel and experience the world or to start a new hobby or even a small business that you truly enjoy being part of. But, whilst you have the time during your retirement for these activities, you will also need the finances and that’s why you should start planning and saving early.