The best time to think about your pension is before you need one

If you’re in your 20s or 30s, retirement may be the least urgent item on a long and expensive financial to-do list.

Paying the rent or a mortgage comes first.

There may be student loans or credit-card balances to pay off.

You might be trying to build an emergency fund or save for a first home.

Add higher grocery bills, and retirement can easily become a problem for your future self.

That feeling is understandable.

Canadians aged 25 to 44 have recently reported high levels of financial stress .

In the United States, younger adults are less likely than older adults to say they are financially comfortable.

But retirement planning should begin earlier than many people think.

That doesn’t mean it should come first.

Rather, retirement should be one part of a financial plan that changes with your age, income, debts and goals.

Three decisions matter especially: know what retirement benefits you have, put competing financial goals in a sensible order and build a long-term saving habit.

No one’s 20s and 30s look the same.

You might be saving for a mortgage or just struggling to pay rent.