This Is the Age When Most People Start Saving for Retirement
Saving for retirement is a lifelong process. One-third of Americans think they'll need between $1 million and $3 million saved to retire comfortably, according to a report from Charles Schwab, and saving that much cash takes decades of hard work.
But when you're young and just starting your career, retirement is likely the last thing on your mind. It's easy to put off saving for another day, especially when you may have a mortgage, children's expenses, student loans, and a laundry list of other financial responsibilities to think about. Put it off too long, though, and before you know it you'll be just a few short years away from retirement with little to nothing saved for your golden years.
Although it's never too late to save at least something for retirement, it's also never too early. The earlier you begin, the easier it is to build a strong and sturdy nest egg for the future.
Source Fool.com
