Myth 3 – “Plan for My Retirement? I’ve Got Plenty of Time for That”

If you fall in this category, then you better wake up. Any salaried person who does not have a retirement plan is inviting disaster. Life and the world economy are 2 things which should never be trusted. They are too uncertain and even the minutest of thing can change it for the worse. Plan for your retirement now and forget procrastinating it. As little as 2,000 per month at an interest rate of around 15 percent will fetch you nearly 36 lakh by the time you are 60. This is only true if you are in your early or mid 20s and decide to act now, else you will miss the retirement train.