Young, new employees often think about the idea of saving for retirement long before they actually do anything about it, often missing out on some big savings opportunities. Putting money away is the last thing anyone wants to discuss after they’ve just landed their first job and are about to receive their first real paycheck, but it should be a top priority.
To understand why you should save for retirement in your 20s, you need to have a clear understanding of compound interest—a powerful tool, but only if you start early. Visit Jemma Financial's website to learn the rewards of compounding interest and the effects that could have on your long-term savings.
Advisory services offered through Jemma Investment Advisors, LLC.
-
Five Salary Negotiation Tips for Women
-
How to Alleviate Stress When Work is Keeping You Up at Night
-
Five Ways to Ease Travel Stress Before You Go Abroad
-
Your Teenager’s First Job: How Should They Spend Their Money?
-
Words to Live By: Start Saving Now
-
Easing the Pain of Student Debt
-
Why Your 401(k) Matters More Than You Think
-
Emergency Funds: Just How Much is Enough?
-
Three Little Numbers That Can Change Your Life
-
Easy Steps to Improve Your Resume and Cover Letter