May 19, 2014
OK, many of you laughed that it's too late for most of us to get the benefit of starting your retirement savings right out of college. But if you start now and can find $20 per day to drop into your retirement stock fund, in 20 years at 7% returns, you'd have an extra $300,000 for your golden years. Not a million dollars, but instead of crying over what you haven't done, we can start doing what's necessary from this point forward. The government helps: they let you put extra money into your IRA and 401(k) if you are 50 or older.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
OK, many of you laughed that it's too late for most of us to get the benefit of starting your retirement savings right out of college. But if you start now and can find $20 per day to drop into your retirement stock fund, in 20 years at 7% returns, you'd have an extra $300,000 for your golden years. Not a million dollars, but instead of crying over what you haven't done, we can start doing what's necessary from this point forward. The government helps: they let you put extra money into your IRA and 401(k) if you are 50 or older.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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