No. of Recommendations: 0
Hi Hep!

in the beginning i won't be able to put too much away for retirement because of my current budget. i've read articles that even a little per month is better than nothing. is that true? for example, if i put like a measly $50/mo each for me and my wife for the next 30yrs. can i really do much with that?

In investing, time is everything! No amount is too small to start! The sooner you start the more flexibility and freedom you will have later!

Here's a quiz:

Assuming each investor leaves their money invested until the age of 65,
which investor will have more money at age 65?

Investor A: Invests $2000/yr for 9 years from age 22 through age 30, a total of $18,000.

Investor B: Invests $2000/yr for 35 years from age 31 through age 65, a total of $70,000.

See the link below for the answer:

http://www.wiser.heinz.org/investingfacts.html

2old
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement