Whether you have 25 years or five years until retirement, take full advantage of the time you have until you retire. Obviously, the earlier you begin, the more you will end up contributing over time. Additionally, starting early lets you generate a greater payoff down the road due to the process of compounding -- the process by which the investment earnings you accumulate begin to generate earnings of their own. Compounding benefits increase with time.

Source: http://www.investorguide.com/igu-article-739-retirement-basics-retirement-planning-scared-or-prepared.html

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