It’s best to start saving for retirement as soon as you start working. Even if you’re only part-time, you should put away what you can from each paycheck. Every little bit helps and will add up over time. If you weren’t able to start saving early like this, however, it’s not too late to get back on track and begin saving now. You may need to make some adjustments in your lifestyle today to accommodate for tomorrow, but there’s still time.
Tag: how to plan for retirement
Have you considered socking away money for retirement in an IRA? If so, do you know which kind of individual retirement account is right for you – i.e. traditional or Roth? David Young explains the basics of both the traditional IRA and Roth IRA, and helps you where to put your savings.