Asked by Anonymous
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?
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.
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.