Gday Rod
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If I squirrel away a little bit each year, when I am young, I can double or triple what I will have in retirement.
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Assuming someone doesnt come and pinch yr nuts along the way.
Its getting harder to find investments that will still be there later,
yet provide the growth / interest required to keep up with inflation,
and i suspect its going to get much worse in the near future.
Too many unemployed "financial types" will be out there trying to get their fingers into the super money pot, vs go on the dole.
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I cannot recommend more highly the value of getting some advice from a financial planner.
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I always ask em why they still work for a living
Ie if they are so good at it, why dont they take out a loan and invest it wisely, then live off the proceeds.
Investing only for themselves, paying no fees, knowing how to dodge tax etc, means they should be able to do this much better if they are their only customer.
Getting investors to pay their wages seems a better deal.
Its a bit like the old story of who gets rich in a gold rush
( and its not the miners
)
Andrew