Why Is It Important To Plan For Your Retirement? 
Perhaps the easiest thing to put off is planning for retirement . The benefits of starting early are great and the penalties for not are severe . Remember the magic power of compound interest fueled by the rule of 72 , -LRB- years to doubling equals 72 divided interest rate -RRB- example 10 % doubles in 7.2 years . You no doubt have seem the tables how much more a 25 year old can accumulate by starting early . Start early get more , have more choices and planning opportunities . If you do not plan then unless you are very fortunate to have a very generous and well funded company pension plan you could find yourself with little more income other than the basic social programs . If you have further questions , or feel that I could be of assistance , please do not hesitate to contact me . If you would like to work with a local Retirement Planner , you could start with a Google search . For example , if you search for : retirement planner Halifax or retirement planning Halifax , my name , along with several others , will come up . You can use the same method to find Retirement Planners in your community . 