Stop being your own worst enemy!

It is often said that time is on our side when we save for retirement. It’s true: the earlier we start saving for retirement, the higher our retirement income. However, the opposite is also true. Time can be our worst enemy. If you wait too long, you will put your financial security in retirement at risk.

You think you have good reasons to put off saving? Personally, I believe that it’s a good idea to change your lifestyle and start saving now. It’s all a question of perspective.

You want to repay your debts first 
That is THE main reason that is stopping you from saving for retirement.I agree with you. You must repay your debts first. However, when you don’t have any money for savings, that’s the sign of a problem.

If that is your case, you should talk to a financial planner who can help you make a budget to stop your debts from increasing and help you establish a savings strategy.

Financial planning is not on your to-do list
Really? Whether you want to admit it or not, we all retire. Eventually, you will too. So why not consider retirement as an important step, especially knowing that it will represent about one third of your lifetime?

I think that you should reconsider saving for retirement and start putting it on your list of priorities. If you don’t, 10, 20 or 30 years from now, your priority will be finding ways to finance it.

You prefer to live without thinking about the future because too many uncontrollable events come into play in financial planning for retirement 
I agree that we have very little control over our life expectancy, our health, stock market yields, etc. But one thing is for sure, you can plan for retirement now. Incidentally, our SimulR retirement income simulator tool was created to help you.

I can already hear certain people telling me that they may die before being able to benefit from their savings. Perhaps, but what will you do if you live to be 90 and have not saved a penny?

For the New Year, I challenge you to change your financial habits and make room for retirement savings. If you don’t think you have enough money now, you risk having even less in retirement. Stop waiting. Make the changes now, because nobody else can do it for you!

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