“You can never start too early” seems to be conventional wisdom when people talk about planning for retirement. In a lot of ways, it’s true; the earlier you start planning your retirement, the easier retirement will be when you actually get there. If you need more convincing, look no further than these 4 benefits.
Most folks plan to retire at 65. After all, that’s what they’ve been told to do for so long, it just seems natural. But people are living longer and enjoying better health well into their retirement years—which means they need more money to offset their lengthened lifespans. One way to do this is simply by working longer. Yes, it’s true—70 is the new 65.
You probably dream about your retirement every time you wake up earlier than you want to and head to work, whenever the sun is shining and you want to spend all day outside—fishing, camping or some other activity, or every time you have a bad day at the office. Even though you think about your retirement often, you know that it’s still a long way off.