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The Importance of Investing for Retirement

I am sure all of us would want an early retirement with a nice house, fancy car and the works. But very few of you take it seriously and actually start working on it. For some it does not even feature in their future vision. Very few of us take retirement planning take seriously.

However, the key to retirement planning success is to start early and gain the benefit of the power of compounding.We came across this article which will definitely make you understand the importance of investing in retirement planning.
For many busy working-class people, saving money and thinking about setting up a retirement plan is the last thing that they want to consider. They’re pulling in a decent paycheck, spending it on bills and a few pleasurable activities, and because they’re young and energetic, they’re confident that this status quo will continue for as long as necessary.

Eventually, however, they begin to come to their senses – perhaps because of maturity, perhaps by embryonic thoughts of their own mortality – and the realization that nothing lasts forever, and that all things change. At this time, investing a portion of their salary toward their future wellbeing becomes a top priority. Well, as the old saying goes, better late than never.

Unfortunately, most of these people willingly hand over the critical element of retirement planning to someone else – whether it’s the government through Social Security, their company’s pension plan, a 401(k) or a similar arrangement administered by some financial ‘expert’. But the lessons of history (especially recent history) clearly show that many of those retirement vehicles administered by so-called experts come with serious caveats.

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