Plan for retirement early from "summary" of The Financial Diet by Chelsea Fagan,Lauren Ver Hage
When it comes to planning for retirement, the earlier you start, the better off you'll be. Starting to save and invest for retirement early in your career can make a significant difference in the amount of money you have when you eventually stop working. This is because of the power of compound interest, which allows your money to grow over time. By starting early, you give your investments more time to compound and grow.
In addition to giving your money more time to grow, starting to save for retirement early also allows you to take advantage of employer-sponsored retirement plans, such as 401(k)s. Many employers offer matching contributions to these plans, which can help you grow your retirement savings even faster. By not taking advantage of these matchin...
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