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Retirement

Does it really pay to save for retirement?

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Results so far:

Yes
90% 534 votes Total: 592 votes
No
10% 58 votes

Why not? Is a must and need to start it young!

Remember when you as a kid, what did your parents teach you? Hey son/daughter, is important that you save. Especially if you want to buy your favorite toy, dress, PDA, handphone etc.

We as adult, we are saving for many reasons. When we start to be independent and start to make our 1st pay check we save up for our 1st car, 1st expensive holiday and so on. Moving on we save up for our wedding, have children and save for their education. At the same time, we must always have 6 to 12 months of emergency fund.

So everyone of us really need to save for our biggest holiday in our lifetime. Can you imagine having not enough or no money to spend during our holiday and need to worry about daily expenses, medical cost etc. Yes you might say we can continue working but how long will employer hire us till? 70, 75 or 80 years old? Or are we healthy to continue working?

This is really an issue in the world right now. In Japan, there is over 32,000 people over 100 years old and with the advance medical technology, we can expect more of us to live longer but not necessary live comfortably.

Let's start young to save for our biggest holiday of our life. Look for your financial planner to construct a plan NOW.

Learn more about this author, Andy Lim.
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Below are the top articles rated and ranked by Helium members on:

Does it really pay to save for retirement?

Yes
  • 1 of 28

    by Stephen Trimble

    I work in the field of retirement finances, and I've read a few of the Helium articles on this subject. I'm going to ...read more

  • 2 of 28

    by Bill Whitney

    Really, why would anybody ask a question like this? Of course it pays to save for retirement. If you want a happy a...read more

No

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