When and how should I start preparing for my retirement from SFI?

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Fay Grizzle, Aff (Jamaica) Top Author Forum Guru 9/24/2015 12:01 pm
Affiliate since: 02/01/2015, Power Rank: 99999999 | Read Fay's 30 other Ask SC answers
When should you start preparing for your retirement? Now.

There is no better time to start preparing, like the present. The earlier you start preparing, the more you will accumulate for your latter years.

For eg. If you started to build your retirement portfolio five (5) years ago by putting aside $100 for the year, you would have a total of $100 × 5 years = $500.

For someone who is just starting out this year, you would be ($500-$100) $400 ahead of that individual.

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