Wednesday, June 9, 2010

Never too early to build your nest egg (16-May-10)

Whether you want to retire in comfort or maintain a simple lifestyle, you should take retirement seriously. Yes, I do mean it. With the increase in life expectancy, as well as rishing inflation rate that runs so much faster than your bank interest rate, it's very logical to ensure your nestegg is well prepared for.

Ideally, the best time to start planning is the moment you start work. When you have time to build your nest egg, you do not have to play catch-up. You do not have to take a higher investment risk to meet your retirement goal.

BUT, be it whether you just started working, in your prime working years, or approaching your retirement, it is important to understand your own financial status at this very moment so that you recognize how to progress from here.

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