When is the Best Time to Start Saving for Retirement?

In short, now! Start saving for retirement as soon as possible. The earlier you begin to save money, the more that money is able to grow before you withdraw it from your retirement accounts. A small investment made today could yield a far greater return by the time retirement comes than a larger investment made closer to the deadline. This is due to a concept called the time value of money, which we will explore along with your options for investing in retirement. [Read more…]