MoneyWeek

Wait to acquire the savings habit

When should you start saving for retirement and how much should you put by? The conventional answers to these questions are as soon as possible and as much as you can afford. But the conventional answers may be wrong, according to new research by the Institute for Fiscal Studies (IFS).

It is certainly true that the laws of compound interest mean money invested at an early age

You’re reading a preview, subscribe to read more.

More from MoneyWeek

MoneyWeek3 min read
Britain’s next Rupert Murdoch
London hedge-fund titan Paul Marshall has been “pulling strings behind the scenes at Westminster” for decades, says the Financial Times – positioning himself as a philanthropist, a political donor and an educational reformer. Now the 64-year-old evan
MoneyWeek1 min readSecurity
Petty Cash... Time To Switch
● The poor savings rates offered by the six big banks mean small firms are missing out on more than £200m of interest each month on their deposits. The big banks dominate the market for business savings accounts in the UK, but rarely pay competitive
MoneyWeek3 min read
Crossword
* Showing two losers in the opponents’ suit.** Showing the Ace. West found the best opening lead of a (low) Club, won by dummy’s King. Not put off by the fall of East’s Queen, declarer tried to set up Clubs by ruffing a low Club. East discarded a Spa

Related Books & Audiobooks