Let's me ask a question, how many of you are actively working towards building your retirement nest egg? According to many surveys, there are barely 20% of people age 20-30 who have any money in their savings. That's is extremely low. To repeat from earlier posts, time is our best friend. Put much as you can aside and it will pay off in the long run. Most professionals will suggest setting aside 10% of your income into a 401k or similar. If that is not possible, start where you can and as you receive raises, put that directly into retirement. If you were making it before the raise, its clear you don't "need" the extra money to put it to work for you. The message here is something is better than nothing.
|
-Finance
Archives
March 2016
Categories |