20 Financial Considerations for Retirement
5. Start Saving as Early as Possible
No matter how good or bad the economy may be at the moment, a proven method for success when planning for retirement is to start saving as early as possible. Whether choosing to put the money in a tax-deferred savings plan or other investments, the longer one saves the greater the odds that it will be easier to meet individual or family retirement goals. Many experts recommend boosting the savings amount as one ages to as much as 20% or more of income by the time a person enters their 50’s and 60’s.
