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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So you’ve signed up for your company’s 401(k) plan or opened an IRA for your retirement savings. Congrats! That’s a great first step. But if you haven’t made your investment choices yet, you may still be behind the curve.