Many people think retirement planning is something to worry about later in life—but the truth is, the earlier you start, the better. Whether you’re in your 20s or 40s, building a solid retirement plan today can lead to peace of mind and financial freedom in the future.
Why Start Early?
Time is your greatest asset. Thanks to compound interest, even small savings can grow significantly over time.
You can save less each month. The earlier you begin, the less pressure there is to set aside large chunks of money later.
You’ll be ready for the unexpected. A solid retirement fund gives you security, even if plans change.
How Much Should You Save?
A common recommendation is to save at least 10–15% of your income for retirement. But even starting with 5% and increasing it over time can make a big difference.
Steps to Get Started
Set a Retirement Goal
Estimate how much you’ll need based on your desired lifestyle, expected expenses, and age of retirement.
Start a Retirement Account
In the U.S.: 401(k), IRA
In the Philippines: MP2 Savings with Pag-IBIG, PERA (Personal Equity and Retirement Account)
Automate your contributions for consistency.
Invest Wisely
Let your money grow through long-term investments. Diversify your portfolio based on your risk tolerance and age.
Avoid Dipping Into Your Savings
Keep retirement money for retirement. Avoid borrowing from it unless absolutely necessary.
Review Your Plan Regularly
Life changes, and so should your plan. Reassess your goals, contributions, and investment strategy at least once a year.
What If You’re Starting Late?
It’s okay! The key is to start now. You might need to save a bit more aggressively or adjust your retirement age, but it’s never too late to take control of your financial future.
