[Yugocean]

There is a rote thinking "don't waste your present for tomorrow". Good to think, but the idea it's built on promotes today's fun without thinking about tomorrow, so, just leave this wrong idea.

The youngest workers are in the best position to save for retirement, but they are also the highest spenders because they are in the age of fun.

Senior employees also need to check in quickly, rather than just doing work.

Know about the various options offered by the government, banks etc.; and discuss the facilities currently being enjoyed by retirees, with friends and family of retirees. Invest only after being absolutely sure about the best option. This investment now may reduce a cup of tea today, but don't spoil your future cup of tea.

[nela13]

We have a pension government retirement plan that is deducted every month from our salary but we also have a private retirement plan. I read that my generation will only have 40% of their income as a pension, too low in my opinion and that is why it is extremely important to have another source of income, such as private retirement or rent.

[Yugocean]

We have a pension government retirement plan that is deducted every month from our salary but we also have a private retirement plan. I read that my generation will only have 40% of their income as a pension, too low in my opinion and that is why it is extremely important to have another source of income, such as private retirement or rent.

Even 40% is better than 30% or a pension that is not fixed (India) which is based on market; so savings and investing in secure future is important.

[nela13]

Even 40% is better

It isn't because right now people receive 80% as pension of their last income, so it is a big decrease in the coming years.

[oldbuddy]

Talk to people who are retired now and see what they think after it has landed in their lap. I personally think the best thing we did to prepare for retirement was to become debt free. Even our home is paid for, food storage is adequate, car is 11 years old and still running fine, savings account will cover several years of emergencies, we live a comfortable, but frugal life and are very happy.

[darkuszerx]

Saving for a retirement fund is the most difficult because we will always put it off for later, even though it will be very helpful in our retirement.

[lidahwetan]

We can set aside some of our salary for retirement funds, even if it's just a small amount of money. Surely it can help us when we retire in the future.

[augusta]

We can set aside some of our salary for retirement funds, even if it's just a small amount of money. Surely it can help us when we retire in the future.

This is the way to go no matter how little just save for the future and retirement

[rahmanvabama]

An important things to consider but it is very difficult to do because in my opinion, there is always something more important than allocating retirement funds.

[sthiraanjani]

But nowadays, it seems like most people are not aware of how useful retirement savings are, or even they still don't have an allocation of funds for retirement savings.

[vbludwig]

Yes, I will save for my retirement from now on because I believe it will help me soon after my retirement.

[Mika]

As soon as you start earning, you should also start saving. sadly when people start earning, they start looking for the ways to spend money

[Yugocean]

As soon as you start earning, you should also start saving. sadly when people start earning, they start looking for the ways to spend money

That's why there is so much poverty, people don't think about value of money.
But atleast we value our Goddess Lakshmi, and worship prosperity.

[augusta]

Sure it is very important to save for retirement you need something you can fall back on long term especially when you are not longer working