Planning early for anything gives you more options, greater freedom and increased understanding.

Like the scouts say, ‘Be prepared’. In this case for anything!

by the time u reach retirement age u wont have time to think about it. and u can save more money if u start early.

You plan for retirement early so you can start putting money away in an IRA sooner. Your money will grow much further with compounding interest if you have a long time to contribute.

If someone contribute $400 a month for 10 years in a investment that earns 8% and waits 20 years, he or she will have $341,081.45. If someone else waits 10 years and then invests $400 a month for 20 years, he or she will have $235,608.17. If you start early, you will have time to accure more money.

Hi,

The answer is it is up to the individual. Have a read at the following article and it might give you a few pointers.

Thanks

So you do not run out of money late…