Best ways to start saving for retirement

[Hate2Wait]

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.

That's a very good way to save money for retirement but isn't that interest taxable? I think its taxable so we need to find some more ways to save money for retirement

 

[Springtime]

That's a very good way to save money for retirement but isn't that interest taxable? I think its taxable so we need to find some more ways to save money for retirement

The interest earned is not taxable here.

 

[Ratine]

I think in my country the people being employed by the government have the best time for saving for the retirement on the government schemes.

 

[Hate2Wait]

I am still looking for more suggestions and to have more than enough for my after retirement life and like to have fun then

 

[cherry123]

Just start early it's can't be easy but just go ahead with it. Know that retirement is real.so save towards it

 

[Hate2Wait]

I am now seriously thinking about my retirement too and would like to save enough to have a comfortable after retirement life

 

[Starmix]

You can start saving for your retirement any time as long as your finances is ready. Don't wait for tomorrow what you can do for today.

 

[Hate2Wait]

That's 100% correct and if we are facing issues because of planning then there are retirement funds available in the market which can help us.

 

[Starmix]

Let us just start whatever amount we have and add some more after adjusting your finances.

 

[Hate2Wait]

I don't mind using even Life insurance policy for that and there are some very good life insurance policies for saving

 

[Fidelia]

Best way to start saving for retirement is to find a pension fund manager and contribute to. That way, you would easily save for retirement.

 

[fcbetting]

Maybe some fond or real estate. I would choose real eastate even that is big investition. How about separate account where you will hold money?

 

[Ratine]

I think one should be saving money for the future and incorporate that savings to the retirement benefits.

 

[Hate2Wait]

If we are unable to figure this out then we should take help of investment plans available in the market and they are also good

 

[Passiveearner]

Saving for retirement requires commitment. You have to start saving money from the first day you start the job. This is a very important thing.

 

[Hate2Wait]

Yes it's important to stay disciplined for it because if we are not disciplined in saving for our retirement then we may use that amount for some other thing.

 

[Starmix]

it s all up to you on how and when you will start. In my case, i already started the first day that I got a job.

 

[Hate2Wait]

It's important to save for retirement and then you can achieve good results and if you are confused then go for retirement plans available in the market

 

[Passiveearner]

Saving money in the form of volatile assets could be also a good idea. This involves saving money and investing in gold, silver, cryptocurrency, and other assets.