Thursday, May 3, 2007


Retirement? I haven't even graduated yet. This is typically the first response from recent college grads, but the truth is that retirement saving starts the day you get that diploma. .

One of the first things anyone should do when they start work is inquire about 401(k) plans, matching contributions, Health insurance (including dental plans), etc.

The great thing about 401(k) and Roth IRAs is that the money grows tax-deferred, meaning you do not pay taxes until you withdraw the money. So remember that even though you may only be in your early twenties, there has never been a better time to begin saving for your retirement... golf in Florida anyone?

Young American's making a mistake

No comments: