Best ways to start saving for retirement

[ekta]

Starting to save for retirement can seem daunting, but it's doable with a few simple steps. when I kick things off, I set up a small automatic transfer to my retirement account each month. Even if it will be just a few bucks, it will add up faster than you have expected. I will also make sure to grab any free money from my employer's match program-it like they are giving you a bonus just for saving. Another trick is to budget a little for retirement, treating it like any other must-do expense. It's easy to put off, but even tiny regular deposits grow into something substantial over time. Just get started and let time work its magic.

 

[Springtime]

I have started savings for retirement for a number of years. I put a portion of my earnings into a fixed deposit account every month. Due to the compound effect, I'm glad that the balance in the account has increased quite substantially.

 

[freelancermaria]

I saved some money during the pandemic, which makes me really happy. It is not a huge amount, but it is a significant improvement from before when I did not have any savings at all. I am still saving up to this day.

 

[eldavis]

Look for something you can invest in that would generate passive or residual income for you.

 

[Stardom22]

I think the best way is to enroll yourself on the social security fund for the governments.

 

[nomad]

One of the best ways to start saving for retirement is by buying term life insurance with endowment plan

 

[cherry123]

I agree with you, just set up a small automatic transfer to the retirement account each month. Even if it will be just a few bucks, it will add up faster for you

 

[Niyi Briggs]

I think that the best way to save for retirement would just be to contribute to a pension scheme.

 

[Shavkat]

This is really a challenging part for all of us. If I can only have an early retirement, I will surely do.

 

[Sawe]

I have not yet started saving for retirement but I plan on doing so. I will have to create a savings account for that and plan on ways to save with discipline.

 

[Starmix]

The best way to start saving for a retirement is have a passive income. The passive income will work for you during your retirement.

 

[timewo]

I had jobs for almost 8 years, and the tech, internet sector refuses to acknowledge the time and money I alone have spent online. The salary money is the main savings I have.

 

[Sanjeev]

I have started saving in mutual funds to get some money after the retirement. I have taken various money saving policies which will mature when I will be retired.

 

[Rubz]

Some of the best ways to start saving for retirement are;
- start saving early or as soon as possible
- investing wisely
- seeking professional guidance if one is in need of help.

 

[Starmix]

Just start to save and never use it for other purpose but for your retirement. Retirement age is crucial because your energy is not the same as in the yesterday when you were young. Invest.

 

[Ratine]

I too have thought about that. However l would ensure that l will start it out before this year ends.

 

[Kerryjoy]

As for me I don't advise for saving but investing, like the money you have now to work for you in the future hence you will still have some income even after retire

 

[Ratine]

I would go for the savings. Money saved consistently really builds up so fast mo matter how small when saved for long.

 

[Golden9]

I would actually prefer investments if I get a stable job, as my retirement plan instead of savings. This will be in grounded assets like real estate.

 

[Ratine]

One should really be financial stable for them to save money for the retirement because they couldn't withdraw.