Attention, 20somethings: It’s Time to Start Thinking About Retirement
This great post over at FemChat highlights the need for folks in their 20s and 30s to start saving for retirement.
Author Michelle Schafer says,
I don’t understand everything there is to know about investments, but I do know this: You need to start saving early and the longer you keep saving, the more money you’ll make over the long term. Maybe Social Security will be there for us (at least if IWPR where I work now, has anything to say about it) but Social Security was never meant to be a complete retirement package—it’s supposed to be combined with employer pensions and personal savings.
The bottom line is this: No matter how young or old you are, the longer you save, the more time you have to earn money from your savings. Get in the habit of saving now. You’ll be glad you did.
Tags: accountant, budget, credit, finances, goals, Health, planning, retirement, savings, Social-Security, taxes, tips, woman, women, Womens-HealthRelated Stories
POSTED IN: Aging, Finance, Public policy, Real life
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3 opinions for Attention, 20somethings: It’s Time to Start Thinking About Retirement
Barbara
Feb 2, 2007 at 1:40 am
My husband and I started saving right out of college. Compound interest adds up!
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Toni
Feb 2, 2007 at 2:57 am
I so wish I had been more disciplined in my early 20s!
kelly
Feb 20, 2007 at 9:04 pm
Women especially need to be aware of their money, even at a young age. I am 26 and a book called Women, Get Answers About Your Money by Carolyn Castleberry has been very helpful to me. I would look into this.
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