When you are young and sprightly, you usually do not think of your retirement years. But it is never too early to think about the future. And the best time to start thinking is to start right now. Always keep in mind certain points which will help to guarantee you a financially safe future even when you are in your golden years.
Beginning from today, start saving for your retirement day. In case the company you are working for offers retirement plans, take advantage of that plan from today itself. So the earlier you start, the easier it will be for you to be assured of a financially secure retirement.
Try to find an appropriate stockbroker. For this you need to consider your long term investment plans as well as goals. Doing this will eventually help you in your evaluation of a stockbroker with whom you wish to engage. No need to rush at this point. Just make sure that you take the time to find an honest as well as a reliable stockbroker.
This is because you will need someone who will have to answer very delicate questions. And all this in turn will determine your future financial capability, especially after your retirement.
Though saving in a bank account is okay since it does earn you some interest. But in case you want a more secure future, you will have to invest definitely more aggressively. So you need to research on how stocks & shares work.
You need to build a portfolio that will last you a lifetime. And if you are still young you can still afford to divide your investment portfolio wisely. Put a large chunk of your money in high-yield investments.
But remember that these investments tend to be riskier. And after that, as you grow older, your focus will start shifting to security instead of wealth building. Then you can partition your portfolio and put money in safer & lower yielding investments.