Comments on: Retirement for Millennials: Get Started!

By: ImpersonalFinance

ImpersonalFinance — Fri, 01 Aug 2014 17:00:52 +0000

Well said DC. I started at 26 and feel like I was behind on it. I would love to go back and get started when I was 18, 21, or even 24. Can’t make up for lost time.

By: moneypropeller

moneypropeller — Fri, 01 Aug 2014 13:15:53 +0000

DC @ Young Adult Money moneypropeller Sometimes, indeed. Car financing rates have gone down in the last few years. Once fees are factored in, a lot of my friends were paying over 10% a few years ago.

By: Eyesonthedollar

Eyesonthedollar — Fri, 01 Aug 2014 12:36:57 +0000

As a 40 year old, I can say without a doubt, START EARLY. I could be retired by now if I had. When you first start working, that’s the most excited you’ll ever be about your career. Once you have a family or have been at it for a decade or longer, it just becomes work for most of us, even if we don’t hate our jobs. The ability to walk away if you wanted would be absolutely amazing.

By: TheWriteBudget

TheWriteBudget — Fri, 01 Aug 2014 03:25:23 +0000

I have to admit, I’m 30, and I haven’t given retirement very much thought. It’s one of those things that I keep thinking “I’ll get around to it eventually”, and I just never do. I should probably take action on this soon!

By: Charles@gettingarichlife

Charles@gettingarichlife — Fri, 01 Aug 2014 03:17:39 +0000

Some plans offer 1 to 2% step up every year where your contribution automatically increases. I’m a huge proponent of maximizing your 401K as 6 to 10% isn’t enough.

By: JourneytoSaving

JourneytoSaving — Fri, 01 Aug 2014 00:58:27 +0000

I really hate the fact that I waited so long to open a Roth IRA. I was never employed by a company that offered a 401K, otherwise I would have started with that. Honestly, had I not been reading PF blogs, I might not have known to open an IRA. So glad I did now, and completely agree that millennials just need to start small. It doesn’t have to be complicated.

By: DC @ Young Adult Money

DC @ Young Adult Money — Thu, 31 Jul 2014 22:45:22 +0000

blonde_finance I am with you on the emergency fund, but I also think that if you don’t at least contribute the employer match you are missing out on free money. Waiting even one or two years to start contributing will hurt you in the long run. Maybe you should write a post on it? : )