In Conclusion
So, if you haven’t already started thinking about your retirement or started retirement planning, I encourage you to get started today. The hours turn into days into weeks into months and years. Before you know it, you’re 65, and if you are not adequately prepared, you may be forced to go back to work because you did not gather enough in your formative years. We have approximately 40 years to gather, it is a long time, but we have to use it wisely. Invest for your retirement, understand how taxation and market fluctuation works and how they can impact your future. Above all, note retirement is more an amount than an age. If you gather what you may need before 65, you can undoubtedly retire at that age.
This topic is such a well-needed discussion in our community, especially among Caribbean families. You made some really good points. Inflation can turn a $3000/month to $6000/month expense. Who can predict that social security will be around when we are ready to retire?
Yeah man, we have to fund our own retirement. In my case, I have 24 short years if I choose to retire at 65. It’s not a lot of time at all.
Planning for retirement and getting started as soon as possible is so important. My husband and I have a retirement plan but we wish we started sooner and that we put more money in when we were younger. Thank you for all of these great tips!
Thank you for this post! Definitely a good read for someone entering their 30s, like myself. I’ll be referencing this in the near future.
Great article, I don’t think people pay enough attention to retirement
Awesome post! Planning ahead is key, and you’re never too young to start investing and planning for retirement. Thanks for sharing!
I encourage your god statement and I love this. I agree saving is most important. The hours turn into days into weeks into months and years. Before you know it, you’re 65, and if you are not adequately prepared, you may be forced to go back to work because you did not gather enough in your formative years.
Thank you so much. Preparation is key.
I totally agree Maria.