Investing for Retirement

It can be easy to forget about investing in retirement. It is so far away, many people don’t realize that they should already be saving and investing for it. Deciding when you want to retire is the first step, but you must also consider if you will be able to afford retiring when you want to. If you are wanting to start investing for your own retirement, here are some things to consider before you begin saving.  

When should I retire?

This is the first question you should ask yourself if you are thinking about investing for your retirement. This question, however, depends hugely on your own financial and personal circumstances. If you are on a relatively high salary, it will be easier to save for early retirement, however, this will be more difficult if you are on a relatively low salary. Firstly, you must decide whether or not you would like to retire early (before you are 65). If this is the case, you need to understand that you will have to save a lot more to be able to retire earlier. If you are thinking about retiring at the regular age (66-70), you should be able to save and invest a regular amount to be able to retire. 

Before you consider retiring, you should first make sure you are able to afford it, and understand the financial implications of retiring. 

Where should I put my retirement money? 

If you have decided to begin investing in your retirement, you then need to decide where you are going to put this money you are saving. If you have an employer who offers a retirement plan, such as a 401(k), you should consider placing your money here, as this will allow your savings to grow without having to pay tax on them. You can also choose to put your retirement fund into your own, personal, retirement account. 

Investing/saving for retirement

Now you have decided when you are going to retire, and where you are going to put your savings, you now need to work out exactly how you are going to invest and save for your retirement. 

If you want to start saving money, consider going through your accounts to see if you are spending too much money on unnecessary purchases. You may also be paying too much on amenities, such as electricity. If this is the case, make sure you contact your electric providers / PA to make sure you are getting the best deal. Small changes like these will help you slowly save money for your retirement. 

If you want to invest your savings, there are many different companies that can invest the money for you. Investing your money can be a great way to boost your retirement fund, however, this can be risky, so always make sure you get professional advice before you invest any of your hard-earned money. 


Retirement may seem a long way off now, but it is hugely important that you start to invest as soon as you can, so you can enjoy your older years without having to worry about finances. Hopefully, the advice above will help you in being able to start funding your retirement.