The question most people ask is whether there is a right time to act, but the answer is more like it's already made up in your mind. They fall into one of these trains of thought: (i) 'Right, I should have acted long before today,' (ii) 'I'm still thinking,' or (iii) 'Perhaps today is the right time!'

In reality, any time is the right time; there is no ideal time, just early or late. Given the circumstances surrounding investment and retirement planning, 'not taking action' perhaps isn't the best option.