Quote:
Originally Posted by Bearcat
The earlier the better... adding a couple of years in contributions in your 20s can make a huge difference at retirement....... at least that's the one thing I learned in Finance.
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I don't remember the exact figure but Money magazine stated that if you invested 5k a year into a retirement fund from the ages of 25-35, that your total at age 65 would be almost the same if you didn't start until you were 35 and invested until 65!
It is hard to catch up so start as soon as you can! I take that advice and do 401k through work plus 2-3k into a Roth IRA that I self fund. Hopefully once I get a little more settled, I can max out that Roth each year.