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Granny used to say, “Every mickle mek a muckle.” Every little counts. But does that really apply to saving for your pension? Can you really save a little at a time and be able to have enough to live on when you retire?

Of course you can! And that’s because of a little thing called “compound interest”.

Every dollar you put in is making more money for you, even if it’s just sitting there. And the money that you make from that will make more money for you too.

So it just keeps adding up more and more the longer it stays in your pension account.

Which is why we say the earlier you start and the more you can save initially, the better off you’ll be.

But even if you’re starting late in the game, or you don’t have a lot money, even a little will be better now, than waiting until it’s too late.