I started saving for retirement when I was 24, and I'd recom

I started saving for retirement when I was 24, and I'd recommend just about anyone do the same for 2 reasons


I started saving for retirement when I was 24, and I'd recommend just about anyone do the same for 2 reasons
tloudenback@businessinsider.com (Tanza Loudenback)
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The author at age 24. Tanza Loudenback
I started contributing to my employer-sponsored 401(k) well before I had an idea of what I wanted my retirement to look like.
Looking back, I'm glad I started early. The longer my money sits in the market, the more interest it earns over time.
And while retirement accounts have a reputation for tying up your money for decades, there are various exceptions to the rules.
Saving for retirement can feel like the furthest thing from a priority in your early 20s.

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