“Life is full of uncertainties. Future investment earnings and interest and inflation rates are not known to anybody. However, I can guarantee you one thing… Those who put an investment program in place will have a lot more money when they come to retire than those who never get around to it.” – Noel Whittaker
1. Fight Inflation
The prices of goods and services have been on a constant rise for the last few decades, and will continue to rise until your retirement. This means you will have to pay more for everything in the future. From groceries to travel to accommodation, it is all going to cost more, a lot more, during your retirement. A comfortable retired life will be impossible without a sound retirement plan that not only accounts for inflation, but also accounts for increase in the cost of life.