When People Are in Their Twenties Or Thirties - Retirement Seems a Long Way Off - But is it Really?

When people are in their twenties or thirties, retirement seems a long way off. But is it really?

Time has a habit of moving forward unnoticed. We have been programmed from the time of the caveman, to ignore any long term threat. Nothing seems important unless it is immediate.

Knowing there is a lion in the bush, is not the same as having the lion leap out of the bush onto our back.

Income protection or pensions don't seem important until we need them. It is the well know flight or fight syndrome that is taking place. Most people at one time or another wake up a night worrying about either money or health. If that happens to you, you know it really is time to act.

Typically, for many employed or self employed, there isn't enough money to start saving or investing. In some cases, the situation is such that pension and income protection planning is started too late, and there is insufficient time for typical investments to grow. This means your pension would be too small to be of great value. Does this sound like your situation?

Income protection and pensions should be automatic. But, "I have lots of time to worry about that later, I can always get another job, my business will take care of me, I'll never get ill, or I'll never be in an accident causing the inability to work". Why are most of us like that?

Without an income protection plan, we are all vulnerable. Some consideration should be given to building a near passive asset, with a potential growth rate that can provide needed protection, now and into the future, even if we are not working. Since the lack of available money may be holding you back, choose a program that is able to pay for itself.

Additional articles at The ProGroup shed more light on the problem. http://theprogroup.org