One of the biggest advantages most young people always have is their age and this can be used for their benefit when planning for retirement but only if they follow good retirement advise to be able to retire sooner. With this age bracket young people can take advantage of compound interest by starting a regular savings plan as this is a very powerful investment tool that can make a viable retirement plan and start a budget to watch what they spend each month.
My aunt just turned 90 and her guaranteed income from her annuity finished at 90. She has outlived her money and now has to get used to living on the pension. How long will your retirement savings last? What could you do to put more into your savings to make your nest egg last longer? Why you could even retire sooner if you get your strategy right.