Starting Retirement Planning

Whether retirement is a distant priority for you, or a more immediate concern, it's never too soon to start planning for it.

Unlike mortgages and other loans, which are eventually repaid, retirement is a permanent change in the source of your income.

Making a small commitment to putting an investment plan in place today will make it easier to achieve your goals as you reduce your working activity and move closer towards retirement. The sooner you start the less pressure you will be under in future.

Time is a friend of the investor. Not only does starting early mean you can contribute smaller amounts over a longer period of time, lessening the impact on your lifestyle, but interest and capital gains on your contributions are compounding over time, costing you less long term. This is particularly true with property investment given the benefits of leveraging.

Your quality of life in retirement depends strongly on your ability to prepare for it during your income earning years, so the best time to start planning for your retirement is always now.