Asked by Anonymous

How early should you plan for retirement?

Some people say now, but for me, who just joined the workforce not long ago, how do I get to do so? And some others say once you're more settled in your adulthood. What will your advice be?

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    • Lee Chun Kiat
      Lee Chun Kiat
      15 Answers, 18 Upvotes
      Answered 5d ago

      My only regret is that I didn't plan my retirement 10 years ago when I started my first job, it is better to start now (or yesterday) than tomorrow...

      it doesn't mean that you have to compromise your lifestyle when you start planning your retirement now, it just means that you should have a clear long term goal and you start working towards it.

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    • Josh Tan Jian Liang
      Josh Tan Jian Liang, Principal Author www.theastuteparent.com at Promiseland Independent Pte Ltd
      8 Answers, 10 Upvotes
      Answered 1w ago

      When you are more settled. Focus on what's ahead of you first. Your career and your own development. You can check my video on it

      https://youtu.be/42xVGM2OEbk

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    Gabriel Tham
    Gabriel Tham, Kenichi Tag Team Member at Tag Team

    Top Contributor (Dec)

    392 Answers, 707 Upvotes
    01 Jan 2019

    As early as you can.

    If you only start planning for retirement when you are about to retire, then there is not much that can be done to grow your nest egg.

    Time is a crucial element in growing wealth and there is no better time than now. Of course, one has to factor in other big life stages like buying house, married, kids etc so these might be a higher priority. But always keep retirement planning in sight.

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