dahlmh@sbcglobal.net
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Never too young to start saving for retirement. I started saving when I was 24. Now I'm retired and collecting high five digits per year. Don't listen to friends telling you that you have plenty of time later. You will keep putting it off and then it WILL be too late. While your friends struggle late in life you will be able to travel, live comfortable and have whatever you want. Put 10% of your income into an open end cd at 5% return and don't touch it.
By the time you retire you will have saved hundreds of thousands of dollars (while your friends are out early in the morning stealing aluminum cans from recycling bins). |
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bikerchick1578
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never too young |
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californiablueeyes76
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it's never too early to start saving, not only for retirement, but buying your own home as well. |
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toon l
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not at all |
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msthikness
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THIS IS WHEN U WANT TO START SO U CAN RETIRE EARLY |
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Einstien Jr.
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Absolutely not. I personally believe you are really never too young to start out a good retirement, wish I would have started @ nineteen myself if not earlier. |
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Nicky
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No, dear. You are never too young to start saving for retirement. |
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Dana M
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Of course not, the earlier you start to save the better off you will be when you retire. I started doing when I got my first job at 15. It is one of the most wisest choices you'll ever make in your life. Anyone who ridicules you for it won't be doing so for very long. |
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California Boy
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It's the best time for retirement.
If you assume 8% interest over the length of your life....
Putting away $2,000 from now until age 26 and stopping ($14,000) would be the same as putting away $2,000 a year from age 26 to 60 ($68,000) just due to compound interest!
Trust me - I have been maxing my retirement funds since my 18th birthday, and I have plenty in there for retirement. Of course, I am still 24 years from retirement, but it's nice to see a LOT of money in there! |
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Jay
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Hell no! You're not too young to pay into social security (which you probably wont get) so start on your retirement. |
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Mary S
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Never too young! It's the best thing you can do. |
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Scott
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You are never too young to save for your retirment! The sooner you start, the better off you'll be! |
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Remy
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The earlier your start the the better your teenage years will be, because you can use some of it for your first car then call up and invite us for a ride
peace |
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RainCloud
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Absolutely not! The amount of money that you save reflects how your life will be during retirement. |
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Precious
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oh... you not too young.. ;-) |
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babun
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u should start saving for your retirement. but right now u can take safe risks in mutual funds and shares to increase ur earning!! |
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anus
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no u r not too young to save for retirement. but u just enjoy your life with limited expenditure. |
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Jemjems_Mummy
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In australia we have a complusary thing called superannuation where some money out of each pay gets taken out and put into an account which we recieve when we reitre. We start doing this from our first jobs which most people get around 16. So no its never to early to start. And the earlier you start saving the more money you will have later in life. |
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Bel!
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Why not start saving now just in case you can't later on in life, good for you for thinking of your future.. |
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cizzle3003
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Yeah your never to young to start saving for retirement, plus with social security messing up its prob good that you start saving now |
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ptau
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Not too young. But it's perhaps more important to make than to save for now. This doesn't mean you should squander. Anyway, you'll need to find lawful and rich sources of money before you decide what to do with it. |
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Cyril C
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yes, age does not matter in saving money... save now, pay later, as they say... |
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WonderGirl
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Perfect age for it. Try to avoid credit cards unless you have a really stable income to pay them. Watch debt, debt, debt! The less debt you have, the more you can save toward retirement. Great thinking! |
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Hey Y'all
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i don't think there is such a thing as too young when it comes to life and money.
Happy Saving |
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Thomas S
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The sooner you start, the sooner and more comfortably you can retire. When I was 19 I was in the military, and saving for the future was as far from my mind as Alaska is from Florida. If you can save and be able to keep it saved and not spent, then you are a better person then I am. |
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antomicbomb91
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No of course not. My brother is 19 as well, and he's a very motivated guy. He wants money bad. Haha.
Basically, a good way to start saving for retirement is to start putting money in a ROTH IRA. I plan on getting one of these two. Basically it just adds plenty of interest, but you can't take out the money until you retire. Think of it as a personal social security.
The younger you are when you start putting away money, the more you can put away per year. There's different tax brackets for your age, or salary-i forget, I believe.
I think Vanguard is a good place to invest in a ROTH. |
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wicked.aliens
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No, I am 19 and I shall start saving for everything
that may try to surprise me.
Its never bad to be prepared.
You are wise in doing so...
:) |
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San Diego Art Nut
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Think of it as having a nest egg. Most sucessful people have a pool of funds which they do not touch. |
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Echo
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Its good for you to start saving now. Say its not intended for retirement which is so far yet. Be it for "the rainy days". You have to save while you have this opportunity, source and capacity. You may be healthy today but tomorrow you do not know. Health is wealth but accident happens sometimes beyond our expectations. Its better to be ready all the time while you still have the choice. Money is very important in times like this. Your savings also could be intended for your own family to build in the near future. Your savings could also be spent for your other necessities and luxuries in life. |
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Sarah
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your never to young to start saving. but personally i spend every cent i get...at that age you should be spending every dime you earn on clothes, alcohol, music and more alcohol....up to u tho!!! |
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Haneen B
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Always if there is a chance to save go on ,It will come a day when you will need it and it will be so use full |
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