Youre young, you just landed a new job and youre going to be getting a decent paycheck. You also have bills to pay and there are also a few items that youve always wanted so now you can finally afford them.
Investing for your retirement may be the last thing on your mind at the start of a new career. Take some advice from those with a little more experience: Start investing early in your career. Start from day one and you will never miss that money youre setting aside. If your company has available a 401-K or a TSP program, jump on the band wagon immediately. If you dont have these programs at your disposal, you can still start an IRA and the concepts stated here are applicable as well.
It really does it make a difference when you start contributing. It is important to invest in your retirement account early in your career for two reasons. First, if youre fortunate to receive matching contributions, you don’t want to miss out on those added contributions that are a significant part of your retirement benefit. Second, the longer contributions stay in your account, the more you stand to gain. Your money makes money in the form of earnings, and those earnings...
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