From
Your Perspective:
Early bird retirement investing
Never too soon
Even if retirement seems an eternity away,
it’s never too early to take action and prepare for
the future. By starting to invest now, you can take advantage
of compounding to make the most of your (maybe meager) salary. And you
have the security of knowing that when you’re ready
to quit working, you’ve done something that can help
make you financially comfortable.
Even if you’re a novice investor,
it’s simple to open a 401(k) through your employer.
Your company’s plan administrator can answer your
questions. And the limited menu of funds that most plans
offer means you won’t feel overwhelmed by options.
You’ll build assets for retirement and save money
on your taxes, to boot. Plus, a 401(k) can serve as a great
introduction to the world of investing.
Most people can expect to live 30 to 40 years after they retire, a time when you might want to travel, pick up new hobbies, write a novel, start a small business, or just enjoy the leisure you’ve earned from years of working. But you’ll probably have to support yourself without a steady paycheck. By planning now, you’re increasing your chances of being financially comfortable in retirement, which means you’ll be able to enjoy it to the fullest.
