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6 Reasons To Not Save For Retirement

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Sure you’ve read or seen too many articles about the benefits like retirement. Probably tens … or even centuries.

Well, today we will see 6 reasons to NOT save you for your retirement. Yes, you read that right. To save you NOT for retirement.

We thought that since all the blogs and sites on economics pairings, without rest, you save for a better retirement than us, we wanted to be more original and focus precisely why you should not fight for that objective.

Logically, are wrong reasons but let’s be a bit sarcastic, for sure one of the reasons you yourself have thought at some point or you’ll have occurred. Also, with the wrong reason explained the real reason why it is important to start saving for your retirement.

6 reasons why you should not save for retirement

1. I have more important expenses that do right now

An extra dinner this week with your partner. This new game that just came out for your favorite console. A pair of shoes to go running in the morning that will make you lose weight a kilo each step you do with them ….

Ah, the lifestyle of the consumer, where gratification prepare for retirement is so far away it is preferred to spend on what we will enjoy NOW rather than LATER enjoy. For many people it is the main reason to forget about saving for retirement.

6 Reasons To Not Save For Retirement

2. There will be time later

Who needs a budget now? Why create an emergency fund? Is saving now for retirement? The important thing is to focus on the here and now. Remember: Never do today what you can put off until tomorrow.

Do not forget the power of compound interest. This works much better the longer it is running. Simply, thanks to compound interest you can save less money per month than someone else but start earlier, end up with more money when you retire.

3. Maybe I will not live long enough to retire

Life is so uncertain. Why you should miss a good life now to save for something that may never come?

Luckily, life expectancy has steadily increased worldwide. Sorry, but as you get your retirement unprepared for it there will be time for last minute solutions.

4. I love my job. I would not mind working with 70, 80 or 90 years

If you’re lucky enough to be one of the few people who get up with a smile every morning to go to work, because you do what you love, congratulations. You are privileged. However, this may not last forever.

Will you still think the same when you get to 70, 80 or 90 years? What if your work situation does not satisfy you? What if your job bores you sovereignty after more than 25 years doing?

Your life and your thinking can change a lot in 20, 25 or 30 years so do not close roads to better old age.

5. I do not know how much money need for retirement

But it sure is a huge number and think you will not be able to save that much money before retirement. So to fail even try. Overall, it is estimated that it takes at least 70% of your net monthly income you have when you retire so that you have enough money to maintain your standard of living.

6. Do not have to worry about retirement because my children can take care

Well, that would have to ask your children. Maybe not mind a little help in your retirement but maybe even want cannot because their economic situation does not allow it. Would you like to be responsible for the economic situation of your family is not good in the future?