When should you start saving for your retirement?
Planning for your retirement early can have many advantages. Compound interest over the years can turn a small initial investment into a significant pot of money for you to use in retirement. In addition, having more control over the different ways your pension can be invested could give you more investment opportunities and more scope to meet your specific retirement needs. When exactly should you start to save for your retirement? It’s a question commonly asked, and the answer is ‘the earlier the better’.
If you’re thinking of starting a personal pension, it’s a great idea to get professional advice. A financial adviser can advise you on various investment options that suit your individual goals.
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