Hi guys, I was wondering at what age do you think would it be a good time to start saving for retirement? 20s? 30s? Any experiences or ideas would be helpful. Thank you so much! =)

I'm only 24 and I've started. I have the military equivalent to a 401 K, I have a monthly allotment into a savings account. I think if you're posing the question, then you should go ahead and start.

As soon as possible. There isn't a start date because the earlier you start, the more your money compounds and grows. So the sooner the better.

Absolutely, the sooner the better. But whatever age it is never to late to begin.
I recommend reading a great book called
Smart Women Finish Rich by David Bach.

I think you will find that it covers most of the topics regarding retirement, saving for emergencies and planning for your dreams.
On my internet show The Pia Lord Show, I did a series called
SMART WOMEN AND MEN where I review the book in 15 short videos and cover important topics in accompanying articles.

The book seems a little dated in some sections, but all of the techniques and tools that he discusses and that I talk about are still very useful for retirement planning.

All the best to you in health, wealth, friendship and prosperity.

Pia Lord

ASAP, you never know when the worse strikes ( health, accident ). Saving must be something you plan since you start your first job, then gradually you make it to retirement.

ah guys you mix things together, the retirement fund ok start early but start low, the nest egg/fall back security fund start immediate and try to go as high as you can till you have enough to survive your current living condition for 6 month without income, review it every year, then when there is over add to the retirement fund.

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I think you should start contributing at least 5% of your income to a 401k plan in your 20's. Keep in mind, 401k deductions from your paycheck are "pre-tax" - so you're not paying social security or medicare taxes on your contributions.

well man when u reach 30 is a pretty good idea, just take 20 percent of ur paycheck and save it

interesting question - start to invest on retirement insurance as early as possible


all the best

As soon as possible. If you can afford it right now, do it. Why aren't you earning money right now?

If you have the money, study the best options your country can offer. You can earn money right now and have a 'cushion of money' if you experience problems in the future.

Go for it!

Hehe ASAP..........just make sure you do your homework! if you start in your late teens early twenties it almost doesnt make a difference if you dont invest through out your 30's 40's ect. thats how much starting early matters.

On a side note I started when I was 18 putting away a few thousand a year. It pays!!

i think that the earliest you start planning your pension the better of you'd be at a later age....
you'll need to allocate a smaller portion of your funds the younger you are in order to acheive the same financial goals... problem is that most young persons do not think about retirement till they are around mid 30's....

Professionals recommend 30 to 35 of your age is the proper time to plan your retirement investment.