How do I plan for my retirement? Step one – start right away

By Bomikazi Zeka, Assistant Professor in Finance and Financial Planning, University of Canberra

Planning for retirement is important because it will help you build the nest egg you’ll need to financially sustain your retirement years.

Past studies have shown that those who plan for their retirement are more likely to be better off at retirement compared to those don’t.

The sooner the planning process gets underway, the better. This gives your money more time to grow by generating investment returns. And the income from your first job is your first opportunity…

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