Most people think they have saved too little for a decent pension. But experts believe that small savings are better than nothing. Start small and grow your investment over time. There are flexible retirement annuities that allow for lump sum payments.
If you save consistently and for a long time, a force that helps you multiply your money, compound computation of interest, will come into play.
It is too late to start saving
One of the most common problems with retirement savings is that people start saving too late. However, there is no point in blaming yourself for that. The best time to start saving for retirement is when you are young, and the second best time is right now.
I have already made too many mistakes
People often spend their pension plan on expensive items and regret afterwards. Do not scold yourself for mistakes. The past is past. You rather focus on what you can control.
Talk to yourself and make a commitment not to repeat mistakes. If you change jobs again, do not cash out your savings, it is better to transfer them tax-free to your new employer's fund.
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