Taxes and death are the only 2 things in life that are pretty much guaranteed. Beyond that, not much can be totally counted on. That said, in the United States in particular, no matter how many hawkish comments and warnings are issued regularly about the lack of liquidity of the Social Security program, people still seem to think it is just going to be there. They are upset about having paid into something for so many years, and yet be told their investment is not going to pay off.
It was a very good step, however, that united Veterans United Network published an article discussing how important it is, for civilians and military alike, to start as young as possible planning for retirement. The more funds one has at an earlier age, the more comfortable they will be taking risks at a time in their lives when risk-taking is appropriate as accentuated by Chris Linkas too.
Along the road, any one of a number of things can happen, from catastrophic health event, to sidelining accidents, and the more funds one has invested, and growing, the more they can feel that they have some safety going forward stressed by Chris Linkas. In this article, they also discuss the importance of creating safety by investing early and the value of compounding interest (https://angel.co/chris-linkas). This is a key point to consider because interest on interest, achieved through compounding interest, is perhaps the greatest byproduct of investing their ever might be.
Once a person sees their retirement savings start to grow, they will quickly see their spending habits improve also as focused by Chris Linkas. It is natural to start to consider if you really need that purchase, or would you prefer to see your retirement nest egg grow. Also, the more investing done young as emphasized by Chris Linkas, the more ahead of the crowd a person can become. Your personal financial situation can only be made better and better by starting your investing early.
Finally, everything gets better under the aegis of early investing, and in particular, one’s quality of life is improved discussed by Chris Linkas. Those investing in their retirement just feel safer in this world and feel like no matter what life throws at them, they can handle it. That kind of security is not easy to achieve, but alas it is entirely achievable.