The Future is Now: How Late Is Too Late to Start Saving for Retirement?

By now, you've probably read all of the articles that tell you the best time to start saving for retirement is, well, yesterday.

The earlier you start, the more time your investments have to grow.

Compound interest, it's said, is the eighth wonder of the world. Over time, you earn more from the interest on your investments than from the investment itself.

If you put $10,000 away when you are 22 years old, it will grow to be almost $100,000 by the time you are 70 years old, even if you never put another cent in, assuming a conservative 5 percent rate of return.

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Damian J. Sylvia

Retirement Income Solutions

220 Monmouth Road

Oakhurst, NJ 07755