In a recent survey of retired people it is clear that as much as 90% of people currently employed will not be able to retire comfortably. This is an alarming statistic which does not bode well for our government in the future where an ageing population will become increasingly dependent on the State.

Retirement funding is as necessary as eating every day and you should be saving at least 15% of your income if you are going to have any chance of retiring comfortably. The majority of retired people still need to continue working well into their retirement to supplement their incomes and with interest rates still in a downward cycle, those who rely heavily on income from interest are looking less likely to enjoy their retirement.

Do not be tempted to use your retirement savings for any investment opportunity that is high risk. If you really want to have a dabble in a possible high risk high return investment, use money that is not earmarked as part of your retirement funding and remember, if it sounds too good to be true it probably is.

Do not become a statistic, start your retirement plan, adjust your retirement plan and be prepared. There are so few who will retire comfortably unless they take charge now.

What can be done to ensure your retirement is as carefree as possible.

Start your retirement funding early
Save 15% of your income from an early age
Use a financial advisor from the outset

Successful retirement funding requires discipline and clever planning. A good financial advisor with a track record that you are able to verify with the company would be your first step in securing a comfortable retirement.

There are numerous retirement investment products offered by the major insurance companies, with new funds coming to the market every year. Your financial advisor is best equipped to help you navigate the complex investment products and should be consulted before you decide to change anything in your investment portfolio.

Tax and penalties considerations should always be discussed before moving your money.