When should you start planning for your retirement?
The answer is…yesterday. In short, it's never too early to save for the future.
Unfortunately, a third of all Americans don't even have a savings account and just 23% of people under age 29 have a retirement plan.
Alexa von Tobel, CEO of the personal finance site LearnVest.com, explains that most 20-somethings simply don't know enough about money. Personal finance isn't a course most people take in school despite the fact that we make, on average, 6-10 financial decisions every day.
It can also seem impossible to find extra money to set aside when so many recent college grads are drowning in a sea of student loan debt. (The average grad owes $25,000.) In fact, I read last year that for the first time student loan debt exceeded credit card debt, topping $1 trillion for all outstanding loans in the U.S.
But despite all this, there are ways to save and simple steps to put you on the right track. Von Tobel recommends aRead More »from Money in Your 20′s