Your retirement is still far off in the future. The earlier you start saving, the more you will have by the time you retire. Time is your friend and will help you accumulate more through the power of compounding.

However, while time is your friend, inflation is your enemy. It will erode the value of your savings and push the cost of living, thereby making your preferred lifestyle more expensive by the time you retire. Healthcare expenses would also go up with time, and post-retirement, you would require additional money for the hobbies you wish to indulge in, the social causes you wish to choose, or the profession you wish to pursue.

So, NOW is the right time for you to begin retirement planning.

Connect with our financial coach to plan your retirement.