It's common knowledge that getting started saving for retirement early will make the journey much easier. You can get by with saving much less per month if you have decades before you retire.

But maybe you have financial priorities you want to take care of before you start saving, figuring you'll be able to dedicate much more of your income to retirement savings later in life. Even if you have a reasonable plan to reach your savings goal in a short period leading up to your planned retirement date, you're taking on a big risk you would avoid by starting early.

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Source Fool.com