Article preview: When is the best time in your working life to save for retirement? We often hear that it makes financial sense to start saving at a young age. The earlier you start investing for your retirement, the more time that money has to grow. And compounded investment returns work best when they have plenty of time to work. But a more common experience of retirement saving is to wait until later in your career when the opportunity arises to contribute more substantial amounts of money into your pension pot.
Waiting until later in your career to save significant amounts for retirement
This 793-word blog considers new research from the Institute for Fiscal Studies (IFS) that notes that workplace pension automatic enrolment does not currently encourage contribution rates that increase with age. Written on 12th May 2021.
Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.