Wednesday, May 14, 2008

Remember the future

When you're right out of school and in your twenties, retirement can seem a million miles away. It did for me, and I didn't put a penny into an IRA until I was 34. Then companies started matching 401k contributions, and we all thought, "Hey, free money" which is exactly what it is.

Even if you're twenty two, buried with student loans and eating mac and cheese most nights, you owe it to yourself to save something, anything for the future. Dollars socked away when you're forty years till retirement will multiply many times over by the time you need them. And if you're not taking advantage of any company match, you're throwing away free money.

Even if you put away one percent, four decades will do magical things to your nest egg. You'll thank me when you're wearing black socks and Bermuda shorts in Boca Raton.

OK, back to making resume tapes.

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