Comments on: 24 Signs That You Could be in Financial Trouble #6: Lack of Adequately Funding a Retirement Account http://genxfinance.com/2007/03/17/24-signs-that-you-could-be-in-financial-trouble-6-lack-of-adequately-funding-a-retirement-account/ Helping a unique generation achieve financial independence. Thu, 11 Mar 2010 21:30:32 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Jeremy http://genxfinance.com/2007/03/17/24-signs-that-you-could-be-in-financial-trouble-6-lack-of-adequately-funding-a-retirement-account/#comment-1757 Jeremy Tue, 20 Mar 2007 11:57:54 +0000 http://genxfinance.com/2007/03/17/24-signs-that-you-could-be-in-financial-trouble-6-lack-of-adequately-funding-a-retirement-account/#comment-1757 You're right TJP and that is the number one thing I stress in my retirement plan seminars. Time will make you or break you. So many people are in the frame of mind that they can put it off now and just do more later. The real problem is that most people don't end up doing it later or they have some other excuse as to why they can't afford to save. This happens for years until it is too late. Start with $5.00 a paycheck if you have to. It won't amount to much but it is much easier to increase the amount you are saving when you already have a habit in place of automatic saving. You get that statement in the mail and think hey that isn't too bad, let's make it $10 now. But anyway, more on that in a later post I'm sure. And thanks, I'm glad you enjoy the series so far :) You’re right TJP and that is the number one thing I stress in my retirement plan seminars. Time will make you or break you. So many people are in the frame of mind that they can put it off now and just do more later.

The real problem is that most people don’t end up doing it later or they have some other excuse as to why they can’t afford to save. This happens for years until it is too late.

Start with $5.00 a paycheck if you have to. It won’t amount to much but it is much easier to increase the amount you are saving when you already have a habit in place of automatic saving. You get that statement in the mail and think hey that isn’t too bad, let’s make it $10 now. But anyway, more on that in a later post I’m sure.

And thanks, I’m glad you enjoy the series so far :)

]]> By: TJP @ Investor Trip http://genxfinance.com/2007/03/17/24-signs-that-you-could-be-in-financial-trouble-6-lack-of-adequately-funding-a-retirement-account/#comment-1755 TJP @ Investor Trip Tue, 20 Mar 2007 04:49:41 +0000 http://genxfinance.com/2007/03/17/24-signs-that-you-could-be-in-financial-trouble-6-lack-of-adequately-funding-a-retirement-account/#comment-1755 Time is the key to investing, as you stated so well in your post. When I first started out, I set the bar at $50 a month. Now, I've increased that amount to $200 a month for savings as I begin to earn more money. Sometimes I don't reach that exact goal due to school expenses, but I try to get as close as possible. I really like this series, and am looking forward to the next 18 parts. Time is the key to investing, as you stated so well in your post.

When I first started out, I set the bar at $50 a month. Now, I’ve increased that amount to $200 a month for savings as I begin to earn more money. Sometimes I don’t reach that exact goal due to school expenses, but I try to get as close as possible.

I really like this series, and am looking forward to the next 18 parts.

]]> By: The Sunday Review #12 - The March Madness Edition at Money, Matter, and More Musings http://genxfinance.com/2007/03/17/24-signs-that-you-could-be-in-financial-trouble-6-lack-of-adequately-funding-a-retirement-account/#comment-1704 The Sunday Review #12 - The March Madness Edition at Money, Matter, and More Musings Sun, 18 Mar 2007 10:59:06 +0000 http://genxfinance.com/2007/03/17/24-signs-that-you-could-be-in-financial-trouble-6-lack-of-adequately-funding-a-retirement-account/#comment-1704 [...] 24 Signs That You Could be in Financial Trouble #6: Lack of Adequately Funding a Retirement Account by Jeremy @ Generation X Finance. Jeremy reminds us to save *sufficiently* towards our retirements. According to him, here is why: Sure, maybe you are 30 years old right now and you don’t think you need to save for retirement because after 60 you’re going to continue to work part-time or start your own business. That sounds fine on paper but you have no way of knowing what will happen tomorrow let alone 30 years from now. [...]

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