Erin Lowry, personal finance blogger at BrokeMillennial.com, shares her tips on how to approach retirement savings in your 20s.
It's easy to delay saving for retirement when you have more pressing concerns today. But the best thing you can do with your money? Give it time to grow. Talk to your local banker to see how they can help with your short- and long-term savings goals.
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As you become eligible for Medicare, you will probably find yourself also considering buying additional insurance to cover the costs of prescription drugs. In fact, you will discover that Medicare strongly urges you to buy supplemental coverage, because prescriptions are not included in basic Medicare coverage.