It is crucial you start to plan for retirement as soon as possible. The longer you leave it, the more you will need to contribute to achieve a comfortable income in retirement. Find out more:
The importance of retirement plans
Evaluating your retirement needs
Formulating a retirement plan
Retirement planning for your business
What do you want to do when you retire? Travel the world, buy a holiday home, purchase a new car, start a business or devote your time to volunteer work? Do you want to "retire"? perhaps you see yourself moving between the world of paid employment and retirement.
Perhaps you intend to eat out regularly with family and friends, pursue a hobby and lead an active lifestyle?
Alternatively you may plan to unwind with a good book, fine wine and just relax in a world free of financial worries.
However you decide to enjoy your retirement, your retirement planning strategy will play a major role. Depending on the lifestyle you wish to maintain, most financial experts will advise you to consider building retirement income that is 60% to 80% of your current income.
Find out more about retirement planning where you are..