Better Now Than Later
Most young adults are not thinking about retirement when starting out on their own because of more pressing concerns such as entering the work force, opening up a bank account, and deciding where to live. Planning for the future when you are young isn't a priority; however, it is the time to start saving for retirement.
Few people begin a retirement savings plan at the beginning of their careers. Perhaps they feel they do not earn enough money to set any aside for investing or think there will be plenty of time to start. I can understand this kind of thinking, because it is how I felt when I started my first job. Now, no matter the reason, it is more important than ever to start saving toward retirement at an early age.
Consider the future availability of government and employer-provided retirement sources. They are less certain; therefore, depending on them for retirement income is a risky plan. The Social Security Department has frequently reported that future payouts of......
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