You’ve heard that “time is money.” And that expression is certainly true when it comes to saving for retirement.
In fact, if you delay putting away money for retirement even for just a few years, it can mean many thousands of dollars less for you when you retire.
So, if you haven’t started saving, begin soon. Even if you can put away only a small amount, such as $50 per month, you’ll have made a start. To make it easier on yourself, move a set amount of money from your checking or savings account each month into your IRA.
And once you’ve started your savings program, don’t forget about it. Every time you get a salary increase, boost your contributions to your IRA and your 401(k) or other employer-sponsored retirement plan.
In short, save early, save often — and keep investing.
(Provided by Jeff Rencher, your Edward Jones financial advisor located at 614 Fremont St, next to the police station, in Rupert, at 208-436-1520)
