The average person now lives well into their 80s. Thinking logically, even if you retire at around 68 years of age, you will need a retirement income that provides for an average of 20 years. An inheritance or payout may not be an option so your money needs to earn money.
The earlier in life you can start investing, the greater the benefit in later life. In fact, you may not need to wait until later life before reaping the benefits if you are sensible with where you invest and start with a few pounds.
Think about the big-ticket items in the future. It may not be your own retirement, but what about your children’s education, marriage or dare we say it, unexpected events such as divorce, natural disaster or a severe accident?