Retirement Planning For 20-Somethings

Investing for retirement in your 20’s isn’t exactly child’s play. But it’s still one thing most 20-somethings don’t think about at all, and maybe they should… By starting a retirement fund early, a 20 something wont have to contribute as much as if they started that fund in their 30s or 40s, translating into smaller payments and greater return.


Investing for retirement in your 20’s isn’t exactly child’s play. But it’s still one thing most 20-somethings don’t think about at all, and maybe they should… By starting a retirement fund early, a 20 something wont have to contribute as much as if they started that fund in their 30s or 40s, translating into smaller payments and greater return.

Now, I know you’re probably thinking something like: “but the economy is terrible… why should I start saving for retirement when its hard enough to pay for gas?” Well, a 25 year old who saves just $12.50 a week ($50 a month, probably less than you pay for cable tv), earning 8% interest, could retire with an extra $175,000 at age 65. That’s real motivation to start funding a retirement account soon.

Stacy Johnson

It's not the usual blah, blah, blah

I know... every site you visit wants you to subscribe to their newsletter. But our news and advice is actually worth reading! For 25 years, I've been making people richer without making their eyes glaze over. Take 5 seconds and join our family by clicking here. You'll be glad you did. I guarantee it!

More Money Talks News

Comments

  • Anonymous

    I am a 28 year old state employee, so I don’t get to choose what goes into my retirement as it is solely based on your salary. I do have the option to invest in an annuity. So according to you, I should put 72% of what, my take home pay in these annuities? I’m confused, please enlighten me. Or perhaps where do you recommend I get an 8% return? I am completely clueless to investing

Check Out Our Hottest Deals!

We're always adding new deals and coupons that'll save you big bucks. See the deals to the right and hundreds more in our Deals section.

Click here to explore 1,784 more deals!