Your savings for retirement largely depends on three factors-how much you contribute, when do you start and what is your earning from the investment. However, it is advisable to contribute a large part of your income towards retirement benefits. In fact, the general consensus is at least 10 per cent of your income should be contributed at a minimum starting level. As you grow in income, you should increase the percentage of investment. It is therefore advisable to start early so that a substantial return is earned and you don’t have to go through the pressure of increased investments at the time of retirement.
Tags: percentage of investment, retirement benefits, savings for retirement
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