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  • Writer's pictureDamilola Agubata

Why You Should Start a Pension Plan Before it's Too Late

Your aspirations are valid. You can see yourself earning your dream pay and travelling to cities you love a few years from now. You can picture your best years ahead of you.

What about your latter years? What do you see? A peaceful retirement home with all the resources you need to remain in comfort. If this is what you can see, you should not delay starting a pension plan.

Saving for retirement is more than an obligation. It is a gift to yourself for remaining dedicated to your craft over the years in spite of the challenges that tried to derail you. As an adult, you pay bills and there are a thousand and one things on your mind.

You have goals that you would like to crush before you hit a certain age. You desire fulfilment from these accomplishments. While a pension plan is on your list, you treat it as a chore. When you think about pensions, you don’t exactly picture yourself in comfort and stability during your retirement years. And this can be detrimental to your future.

Just before we go into why it is not only valuable but also compulsory for you to start a pension plan now and not later, here is a brief understanding of pensions.

What is a Pension Plan?

A pension plan is a reliable savings plan that is solely for your use in retirement. With a pension plan, spending money in retirement is not a far-fetched dream; it will be your reality. Along with your regular savings, a pension plan covers you in retirement. Your pension savings are invested in financial securities so that inflation does not affect them.

Why You Should Stop Delaying Starting a Pension Plan

You deserve the relief it brings

Peace of mind is attainable; you just need to reach for it by starting a pension plan. Waking up every day knowing that your pension plan is secure is enough reason to constantly beam with joy. You instantly feel relieved. Nothing beats this feeling of security.

You are protected from inflation

Why do we invest? To shield ourselves from rising inflation. Starting a pension plan also gives you protection against inflation. This is because your savings are invested in financial assets that yield greater returns for you.

You are no longer afraid of getting older

As you celebrate your birthday every year, you don’t feel anxious about growing old. In fact, you look forward to each new year because you can see the blissful life you’ll live when you are retired.

Downplaying the importance of opening a Retirement Savings Account as soon as possible can leave you feeling regretful in your latter years when you should be delighted.

To start your pension plan today, call the Marketing Manager on 09087448661 or send an email to


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