Increasing our debt load by leaps and bounds. Delaying any retirement planning. The need to plan for retirement is more crucial than at almost any time in history, yet we are doing less. This is why it is crucial to have a coordinated plan for retirement that does not put all of its emphasis on a single source of investment. Assume that the majority of funds necessary for retirement will be your responsibility.
Pension funds can change.
Start early in life. The earlier you begin, the less you will need to invest on a regular basis and the more money you will have available for current needs. By dividing the number 72 by the rate of return will tell you how many years it takes to double the investment. At 10 percent, your money will double every 7.2 years. If you haven't already done so, begin the process of developing a family budget .