Planning for the future

Though times may be tough, it's important to contribute as much as you can to your pension, writes Emma Kennedy.

10th March, 2013
'It is crucial to determine the level of income that you will need in future.' Photo: Thinkstock

When families face a choice between paying the bills today or saving for tomorrow, the latter option can often look unappealing.

In an economic climate where families face tough choices, retirement planning can often go to the back of queue.

"If people are struggling financially, long-term financial planning is one of the first things to go," said Jerry Moriarty, chief executive of the Irish Association of Pension Funds.

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