I remember when I was first starting out in my working journey, being offered the chance to contribute to my pension fund. This made me laugh, I had years ahead of me to save for my retirement.
My Dad gave me lectures on how important it was, to start to save now, about all the things that would come up in years to come. I just shrugged it off, as anyone of my age group would do, as we knew best.
How wrong I was, I am now in my 50’s and it seems like I blinked and got to this age. My Dad was right, you are never too young to plan ahead.
One thing I was always taught, and also helped others with when I worked for a Building Society. It is important to save money, whether it is for a deposit on a house, money for a rainy day, or a special event like a wedding. If you get into the routine of saving regularly, it is something you do naturally.
There are many ways to save from apps that do it for you, to ISA’s or regular saving schemes. I have had the same conversations with my kids, about the importance of saving and having that account there for emergencies,
Most companies offer a pension scheme, and it is never too early to plan for your retirement. With many people looking at retiring earlier than previous generations, it is important to plan early if this is something you are looking to do.
Some people, plan alongside a pension fund by making investments in property or art. Often from inheritance they have received.
Planning A Funeral
The one subject no one likes to discuss is death, and funerals. Often found to be too morbid and upsetting, to discuss a loved one dying. My Mother-in-Law has arranged her funeral and instead of talking to my Husband or Sister-in-Law. She has outlined everything to me.
I keep telling her, I do not want to think about it, but in her words she knows how hard it is, and wants to take all the stress and worry out of the planning. This way we have it all arranged.
What plans have you made for your retirement?