Every day counts when saving for retirement, as early planning and consistent saving pave the way for a financially secure future. That’s especially true today considering we have both longer life expectancies and an unpredictable economy.
In this episode of “Your World on Money,” Andini Makosinski explores the history of retirement and some of the best strategies you can use to secure your own. Initiating the process may seem daunting, but by understanding the nuances of investment vehicles such as 401(k) plans and IRAs, and harnessing the power of compound interest, the prospect of a comfortable retirement becomes achievable.
Remember, the earlier you start saving, the more time you have for your money to grow and compound, ensuring that you can truly kick back, relax, and savor the fruits of your labor in your golden years. So, no matter your age or employment status, it’s crucial to start saving today, because every day truly counts.