Tag Archives: how much to save for retirement

Young Adult Retirement Planning – Benefits of Saving a Lot Early

Young Adult Retirement Planning – Benefits of Saving a Lot Early

Retirement planning isn’t just for old people – or even middle aged people. People in their 20s and more generally, young adults, can start saving for retirement too. In fact, young adults can make a larger impact on their retirement income than anyone else can – and that’s because they have one major advantage that older people don’t have: time. By having more time for your investments to increase and earn more interest, young adults can either make or break their retirement plans based on whether they save or don’t save. Continue Reading

How Much Do You Need to Save for Retirement?

How Much Do You Need to Save for Retirement?

Before graduating from college, I got my first professional job. I was hired on as a Resident Director the last semester in my senior year. I still vividly remember the day that I received the call from the Director of Residential Life. She called me up, literally minutes before I stepped on an airplane to go home for Christmas break. Within a few minutes, she explained that the former Residence Hall Director was leaving and she wanted me to apply. I initially turned the offer down, but later changed my mind and was hired just a couple days later. I went through the official paperwork and for the first time in my life, had an opportunity to sign up for a retirement account. Being the typical 21-year-old that I was, I didn’t think twice; I turned it down. I preferred to have the cash. Continue Reading