Chapter 1
Why Should You Save for Retirement?
Act today for a better future
‘You can be young without money, but you can’t be old without it.’
Tennessee Williams
Introduction
Why should you save for your pension? If you are reading this, you probably know the answer; it is obvious. When you work, earning an income, you have a regular source of money. You spend it on essentials, such as food, housing and education. You spend it on recreational activities, such as holidays, hobbies and entertainment.
After retiring, you still need a source of income to maintain a decent standard of living. You want to enjoy your retirement. If you have your health and wealth, being a pensioner can be sweet. You can take a long trip, pick up a new hobby and enjoy ...
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