Myth 9: I’m Too Young to Be Thinking About Retirement
Baby boomers and soon-to-be-retirees typically have retirement planning at the top of their agenda, but what about Millennials and younger generations? If you expect to build up a substantial retirement fund a few decades from now, your best bet is to start early. Putting away a percentage of your monthly income into a retirement fund as early as 30 years old means you can take advantage of several years of compound interest — and with little to no risk. Bottom line: It’s never too early to start saving.