You’re never too young to start planning for your retirement. In fact, most financial planners bemoan the fact that clients often wait too long to start saving for their golden years.
This procrastination can result in more aggressive (risky in other words) investment strategies that can leave older investors more vulnerable to short-term fluctuations in the market that diminish their retirement savings.
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But starting early and sticking to a sensible, long-term retirement saving plan not only helps younger workers better prepare for retirement, it sets the foundation for sound economic decision-making throughout their lives.
Source: RBC