No! You are never too young to worry about retirement! In fact, you should start s retirement savings account (Personal ROTH IRA, 401(k), TSP, 403(b), etc.) with your first paycheck! The more you save early in your career, the younger you can comfortably retire.
For only $149, Capital Budget Strategies, LLC, Austin’s best Financial Coach, will review your entire personal financial portfolio and provide an unbiased opinion on how well you are doing. Together, we will determine your Net Worth, build an Emergency & Survival Fund, discuss savings, credit scores, social security and retirement and build a monthly personalized Budget. We will also help you create a Snowball Debt Repayment Plan, if needed.
If you need an incentive to save, consider what it would take to retire at 65:
1. You would have earned income for 45 years.
2. You will most likely live for another 30 years.
3. You will require money (savings) to pay expenses for those 30 years.
4. You should start a retirement account as early as possible to earn maximum compound interest and begin dividend reinvestment.
5. You need a diversified portfolio to smooth out the stock market’s up and downs.
6. Your goal is to save 15% of gross income.
If any of this confuses or scares you, contact the Money Coach at Capital Budget Strategies, LLC. We will help you win your retirement! Good luck!
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