Retirement: Cooler than a Food Truck!
Just One Thing | December 10, 2012 | Topics: Retirement
Retirement may seem far away—but that's no excuse for slacking off. For every week you wait, you not only lose time, but you lose compound interest—an important way to build your savings. Here's an example: If you start saving $600 a year at 25, you'll have nearly $72,000 when you reach 65 – about twice as much as someone who saves $1,200 a year beginning at age 45. If you're in your 20s – or have a family member that is – quit playing Farmville and check out our toolkit to learn more about 401(k)s and IRAs.
Source: The Wall Street Journal, "Your First Job? Think About Retirement."
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