Comments on: 3 Reasons to think about Retirement at a Young Age

By: Tara Zee

Tara Zee — Fri, 06 Sep 2013 18:04:41 +0000

It also helps with lifestyle inflation. If you can keep putting your raises towards your retirement or other savings goals, it ensures that when retirement comes (whether planned or forced) you’re already living frugally enough!

By: LisaVsTheLoans

LisaVsTheLoans — Wed, 04 Sep 2013 21:51:31 +0000

Saving for retirement at a young age is a no-brainer for me. I don’t want to disappoint future-Lisa! :)

By: Erin My Alternate Life

Erin My Alternate Life — Tue, 03 Sep 2013 22:16:51 +0000

My mom has barely saved anything for retirement and my dad didn’t open up his 401(k) until his late 30s. My motivation is (1) I want to retire with dignity, (2) I want the option to never work again if I so choose, and (3) I want to avoid the financial mistakes made by my parents.
I will say it is harder to save now that I’m self employed. Automatic payroll deductions rocked my world!

By: SavvyJames

SavvyJames — Tue, 03 Sep 2013 20:32:52 +0000

In reply to DC @ Young Adult Money.

DC @ Young Adult MoneyAgreed that it is not necessarily late. However, now that I am 13 years
into actively contributing to my retirement accounts and have a clearer
picture of the importance of the time factor, another few years of
contributions would have been great. I always implore people to start
investing as early as possible, even if it is only $25/month, simply to
start a good habit. The danger in waiting is that 1 year becomes 2, and
2 becomes 4….before you know it, you are in your early 40s panicking
because you now realize the implications of not starting earlier. You
won’t believe how many people (mid-30s and beyond) I meet that say, “well I just can’t
afford to invest anything right now.” Wrong, they cannot afford not to
invest right now.

By: SavvyJames

SavvyJames — Tue, 03 Sep 2013 20:31:47 +0000

In reply to DC @ Young Adult Money.

DC @ Young Adult MoneyAgreed that it is not necessarily late. However, now that I am 13 years
into actively contributing to my retirement accounts and have a clearer
picture of the importance of the time factor, another few years of
contributions would have been great. I always implore people to start
investing as early as possible, even if it is only $25/month, simply to
start a good habit. The danger in waiting is that 1 year becomes 2, and
2 becomes 4….before you know it, you are in your early 40s panicking
because you now realize the implications of not starting earlier. You
won’t believe how many people I meet that say, “well I just can’t
afford to invest anything right now.” Wrong, they cannot afford not to
invest right now.

By: MonaSez

MonaSez — Tue, 03 Sep 2013 14:09:58 +0000

I haven’t started mines yet. I’ve been researching trying to figure out which are the best options for me but I plan to start soon.

By: Nell Casey

Nell Casey — Tue, 03 Sep 2013 10:34:59 +0000

I definitely agree that the earlier you start thinking about retirement savings, the better.

In Australia we have compulsory employer retirement contributions, so it’s sort of automatic. But the payments are no where near enough for a comfortable retirement so I’m working on building up my own retirement savings as well.