A Guide to Retirement Planning by DM Financial Planning
Planning for retirement is essential to ensure you have the financial security to enjoy your golden years. As retirement can be a long way off, it’s essential to start saving for retirement as early as possible.
Retirement planning can seem overwhelming, especially when you don’t know where to start. But the important thing is that no matter what age you are, it’s never too early or too late to start.
Another benefit of starting early is compound earnings. This is when the money you’ve earned on money you’ve invested begins generating earnings too. Investing a small percentage of your income can really add up over time.
Having a savings plan for every stage of your life is vital in helping you work towards a retirement that you can look forward to. To help, here’s our decade-by-decade guide to saving for the future.