5 Reasons to invest in a Pension
When is the right time to start? Am I too old or too young to start? How much should I pay? These are questions we come across almost every day. While these questions are important, we don’t feel these questions should be your main focus. Here at Planalife we like to focus on the end result. What would you like to do when you retire? How much of an income would you like to receive? At the end of the day you still want to be able to go on holidays, travel and see the world, change your car and while hopefully you will have no mortgage, the majority of your household bills will still be there, and you still want to be in a position to pay these comfortably. Currently the maximum State Pension (Contributory) is approx. €240 per week so if you do not plan for your retirement this is the income you will have to live on.
Top 5 reasons why we believe you should start your pension today:
Everyone needs to plan for the future.
Starting a pension is one of the smartest decisions you can make. It could help ensure a brighter, better future to look forward to. When you’re choosing a pension, having all the information you need is key. So, we’re here to help you select one that’s right for you.
How much should you save in a pension? This is, perhaps, the single most important consideration. Of course, it’s up to you but it usually depends on these main factors – when you would like to retire, what lifestyle you would like in retirement and how much can you afford to save. This may vary for lots of reasons throughout your working life. We have found that for most people the biggest step is just starting, even if that’s €100 per month. Once you’re up and running you can always increase the premium at a later stage.
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