[DrDuquette]

Originally Posted by Dadhawk

That's exactly when you should be doing it. That's when you have time on your side, and time is what turns most people into successful retirees. And you are not saving for "death", you are saving so you don't have to work when you are older.

I couldn't care less what I leave behind materially when I die, but I do care if when I'm 80, I have to work at WalMart as a greeter because I purchased some $10,000 brakes for my $25,000 car when I was 20.

For example, if you take that $10,000 and invest it at 20 at a relative modest 5% interest (yes you can still get that or better in some investments) and contribute to it $100 a week for the next 40 years, you will have at age 60 $725,811.29.

if you make the same investment, but don't start until 40, you have $205,601.65.

And yes I realize $100 a week is more than most at age 20 can contribute, but you get the point.

A bit of a difference.

Finnaly, someone else that understands what investing for the future and your family is all about. "Good Day, welcome to Walmart, the place where people that didn't listen work when they are 80"