Getting started on saving for retirement is important at any
age. Of course, the younger you are when
you start, the better off you’ll be, but there is never a bad time to start
putting money away.
The importance of saving money is even being highlighted in what’s
being called the “Roth IRA Movement,” started by financial planner and blogger Jeff Rose who provided
some tips
to begin investing.
Why the focus on encouraging people to save for
retirement? According to a story
from CNN earlier this year, a stunning 30% of people who responded to an Employee Benefit Research Institute survey,
reported they have less than $1,000 in savings.
Of course Roth IRAs are just among many options available
for people to begin investing – they are traditional IRAs, 401(k), and a
variety of other options to get your saving started. Not every option available is right for every
investor, so a professional financial advisor can help you choose the right
plan depending on your circumstance.
They most important advice is to stop procrastinating and
start saving! No matter your age or
where you are in life, saving even a little bit now, can pay off with a more
secure financial future.
How much do you need to save? That depends on your age, your income and
when you want to retire. These are
questions a professional financial advisor can help you with. In the meantime, however, there are retirement
calculators to help you get an idea of where you stand.
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