Are these your excuses for

not planning your


at an

early age?

Do you use any of these 7 excuses for not planning your retirement? Read on to find out if you do and why should you reverse the situation.


Need to save for
kid’s education

Many parents often concentrate so much on giving their kids’ the perfect lifestyle that they forget about themselves. Parents choose to save for their kids’ college tuition instead of setting aside funds for retirement. While that is a great thing to do, but keep in mind, it is easy for a kid to get an education loan but no such loan will be available for you when you age.


I don’t
earn enough

No matter how much salary you’re earning, saving up at least 20% of it is a must. For this, you can cut down your other unnecessary expenses.If you think ‘I do not earn enough’, understand that this is just an excuse for not planning your retirement. No matter how small the saving, you need to start somewhere. Gradually, increase the amount you’re saving.


It is
too early

If you use this excuse, then you need to understand that the earlier you start saving the better benefits will you reap.

If you start saving a significant amount as soon as you’re out of college, you will have adequate money saved up by the time you’re in your early 40s to meet all your needs.


It is
too late

If you find anyone using this excuse, make them understand that something is better than nothing. It is never too late to start saving up for your retirement. This saving will comparatively be a short span of time.

E ven though you won’t be able to save up a lot, it still can act as an emergency fund.


Investing is

We agree investing can be intimidating if you’re new to it. Instead of not investing because it is scary and risky, you can always seek investment advice.

There isn’t any compulsion on the choices you make the first time. You can choose to change your investments any time you want.


Not planning
to retire

If your plan is to keep working until your dying breath, you have to know that there is a high probability that your plan won’t work. Not many employers are keen on hiring people who are past their retirement age.

Additionally, you won’t be able to work like you door like you did 10 years back. What if your health problems stop you from working?


Too many

This may seem like a good enough reason to not plan your retirement, but it isn’t. If you are in this situation, analyse your expenses. Cut back on every expense that is unnecessary.

Living with minimal expenses may seem like a task for quite some time, but think about how saving little by little will help you shape your future.

Disclaimer: This infographic is intended for general information purposes only and should not be construed as investment or insurance or tax or legal advice. You should separately obtain independent advice when making decisions in these areas.