When you’re a young working adult, retirement may be the least of your concerns, especially if you’ve just experienced your first taste of drawing a salary instead of just taking pocket money.

However, you have two things going on for you: your youth and the power of compound interest over time, at times, described by Albert Einstein, no less, as the “eighth wonder of the world”. 

Even if you were to set aside a small sum every month, it can still add up to become a sizeable nest egg when you’re nearing retirement.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook