1. 5082 POINTS
    J Paul Wilson CFP, CHFC
    Certified Financial Planner, JPW Insurance Retirement Investments, Halifax, Nova Scotia, Canada
    It sounds cliche, but you should start saving for retirement as soon as you start working.

    With longer life expectancies we are now living 20, 30 even 40 years into retirement. Allowing the power of compound interest to work for you means the sooner you start the bigger your Nest Egg will be.

    Within 10 to 15 years of retirement, positioning for growth and protection is even more important. Since you would have less time to recover from a drop.

    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.

    If you have further questions, or feel that I could be of assistance, please do not hesitate to contact me.
    Answered on June 9, 2014
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! I cannot emphasize enough that the earlier you start, the better off you will be. The amount of money you may need to be comfortable in retirement may be achievable only by starting soon. A rule of thumb? To live your current lifestyle, you will need to have 8-10 times your current salary. It might be wise for you to schedule an appointment with someone who can help you look at the options available to you, your HR person at work, for your plan options, and then a financial advisor or planner to help you get started. Contact me if you need any help, and thanks for asking!
    Answered on June 11, 2014
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