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  • Writer's picturezarreen soni

Why it's critical to start investing early for retirement:

Approximately two out of every three people between the ages of 21 and 32 haven't started saving for retirement, according to a National Institute on Retirement Security survey. 1 That's a missed opportunity because:

· A nest egg expands your options after retiring

· The potential rewards are higher the longer money is invested.

· Saving for retirement provides the opportunity to lower taxes.

A lot of millennial workers don't believe that it should take decades to live a great life. They don't believe it is a good idea to wait for a day that may never come or a day when they may not be in the finest of health. They are currently looking for a job they love. They are now looking for rewarding employment. Currently, they yearn to travel abroad. Nothing about that is incorrect.

There are also some practical concerns for folks who are just starting their employment or businesses after graduating from college. Some challenges include:

  • Payments on student loans can prevent saving.

  • Finding your first good job after graduation can be challenging.

  • The starting pay isn't usually the best.

Many young workers also don't have access to or aren't qualified for employer-sponsored retirement plans. Even young workers who are saving for retirement often don't use enough of their income to do so.

Delaying getting started, however, is a grave mistake when making goals for your financial future.

Even if you don't want a typical retirement because you want to enjoy retirement-like activities during your working years or because you don't believe you'll ever want to stop working, it's a good idea to prepare for a day when you might not be able to work. You have options when you have a nest egg.


Contact Clear Review Consultants for a tailor-made financial solution plan on 0215696041 or visit our website to fill out a form: Click here

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