Start Saving Early
One year you are in your twenties. Then life becomes hectic with work and family. The next thing you know, you are near fifty and you start thinking about retirement.
By that time, it will be very difficult, if not impossible to save enough for a comfortable retirement.
To have enough for a modest income at retirement, it might take saving over $1,500 per month when you are fifty.
If you start when you are twenty-five years old it might require saving closer to $250 a month for your retirement.
When you are younger, you have a chance to save more money. You do not have the expense of a house and/or family. As you mature or marry to raise a family, it is harder to save.
Be sure to start saving as much as possible now, for a secure retirement.
