Whatever stage you may be in your career (early, mid, late), the best time to start planning for your retirement is Now! Regardless of your fantastic your career may be, at some point, you will retire from paid employment – you’ll either retire voluntarily or be retired based on your company’s policy. Ideally this should be a period in your life that you’ll be looking forward to – not having to wake up early to go to work, not having to deal with deadlines, office politics, etc.
The reality though is with the average age of retirement is 55 (60 in a few organisations), and a lot of people starting families later in life, the prospect of not earning a regular income could be quite scary. It’s not unusual to be facing retirement while still having to pay school fees, make mortgage payments and still figuring out how to survive on your income.
That’s why you need to start planning your retirement now, so you have time to put things in order.