Katie's Take
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 a
Read More »from Money in Your 20′s