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Dragan P.
I started as soon as I had earned income in college.
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I started as soon as I had earned income in college.
I've always saved but didn't start contributing to a roth until 31.
So I’m 41 years old and completely starting over. When is it too late to start retirement savings
So I’m 41 years old and completely starting over. When is it too late to start retirement savings
It's never too late to start saving for retirement because starting today is always better than starting tomorrow.
I started at the age of 45 at work they had a good retirement plan I am retire now through disability I did a smart thing I fell and broke my pelvic .So My retirement help me a lot.
I was 33 when I got a 403B; I'm 38 now. My company offered a very generous defined contribution for a few years, then new management reduced it so I'm doing payroll deductions which are matched. I'm so grateful for the start this gave me.
my first job 40+ years ago had a retirement plan
Soon
I Started Saving For Myself When I Graduated High School At 18. At The Time I Had Just Moved Back To Michigan Into My Own House Where I Realized Being An Adult Is Expensive Lol. So Each Check I Started Taking 50 And Putting It Into A Savings Casually Increasing The Amount Over Time. However , I Started One For The Kid At Birth !
I want to know what is the difference between 401 and Ira.
I want to know what is the difference between 401 and Ira.
The traditional 401k (or 403b) is analogous to the traditional IRA in terms of tax treatment. Likewise for the Roth 401k being analogous to the Roth IRA. The main difference is that the 401k is sponsored by an employer, while the IRA isn't, so the IRA generally has more investment options. There are also different annual IRS contribution limits between the two.
The younger you start saving for retirement the better. I would recommend that as soon that you graduate from college you open an account with Fidelity Investments and save a % of your income in a Roth IRA in Mutual Funds and some Stocks. Deposit a % every time you get paid. Leave it there and it will grow by the time you retire.
work relared only in my 20s
Started at 24
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Hello all! New to this. Any advice?
I didn't start until I was probably 30, but since then I have also found a job that includes a pension. That has put my mind at ease over the stress of retirement.
one year I started my job with the City and County of San Francisco, 13 years ago. The sooner, the better.
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When and at what age should you start saving for retirement?
403b (tax deferred) started with $25 per pay period 25 years ago and increased the amount as my salary increased
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I do not think it is too early to start saving for retirement.
never too early, I've been telling my friends and co-workers, if $5 is all you can afford, then that's $5 more towards retirement
Start as soon as you can no matter how little the amount is it’s an amazing practice. There are tax benefits to saving retirement.