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Old 03-05-2013, 03:28 PM
littleroc02us littleroc02us is offline
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Join Date: Mar 2009
Location: Minnesota/United States
Posts: 205
Default Re: When should one start thinking about saving for retirement?

Actually, your 20's is much better then your 30's based on compound interest. If each person wanted to retire at age 60, one guy starting at 25 and the other at 35 and both contributed 5k a year making the same rate of 10% the 25 year old would have 1.5 million and the 35 year old would have 540k. The earlier you start the more compound interest will benefit you.
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