Retirement Planning Retirement Planning

Retirement Planning

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No matter how young or old you are, get started saving for retirement today. Due to the miracle of compounding, starting a little earlier makes a big difference. Consider the following (assuming a 10% annual return): Who do you think would have more money in 40 years, a person who contributes a fixed amount every year for the first 8 years and then does nothing for 32 years, or the person who does nothing for the first 8 years and then contributes that same amount every year for the next 32 years? Believe it or not, the first person would be ahead at the end.
Source: http://www.investorguide.com/igu-article-746-retirement-planning-tips-on-retirement-planning.html