Most people delay retirement planning, thinking they have ample time to plan for retirement and create a retirement fund. Only when nearing retirement do people realise their mistake of not working earlier on the retirement plans and end up disrupting their financial freedom.
Retirement planning is something that should be started as early as in the late ’20s or at least by the early ’30s. In the case of long-term plans like retirement, the real rate of return depends on multiple financial factors such as inflation, interest rates, rising medical costs, etc.
