Myth 4: I’ll Make Up For Missed Retirement Savings Later
Maybe you’re waiting for a higher-paying job, attractive returns on stock investments, or a financial miracle before you start building up that retirement savings account. Big mistake. If you expect to generate any type of benefits from accounts that can earn you compound interest, you need to start saving as early as possible — as early as yesterday. Consider speaking with a financial advisor to learn about your best options for contributing to an interest-bearing account that can help you start earning money today.