Retirement might seem like a long way off for college students, but the earlier
students start saving for retirement, the better. The U.S. News recently came
out with an article about what college students need to know about retirement,
and the most important step is simply getting started. Developing a retirement
plan before a career has even started is the easiest way to prepare for
retirement age.
First and foremost, it is
important to open a savings account and routinely deposit money into it. “Saving
early and capitalizing on years of compounding interest is key to retiring
comfortably” (U.S. News) .Developing the good habit of saving while
students are young will make it easy to continue saving as students get closer
to retirement age. The article from U.S. News also mentions paying off the
highest-interest debts first, and then focusing on lower-interest debts. It is
also important to open a retirement account or 401k as early as possible.
Students should research all investment choices presented, whether that is an
individual retirement account or a company provided account.
For more tips on how to
prepare for retirement at a young age, the U.S. New article is linked
below:
If you have any questions about
saving for retirement, please contact us!
518 Arbor Hill Rd.
Kernersville, NC 27284
Ph: 336-996-3338
