Honestly, I began saving for retirement with my first job right out of college. I had a 401(k) account from my employer (with a good matching percentage). I had minimal expenses back then and could put lots of money away. Glad I did because it gets harder as you add a family and the expenses pile up - it's tempting to skimp on yourself - but don't!
I started when I got my second "real job" at 23. I put in 3% matched by the company, another 3% in a Roth, and 3% in discounted company stock. All have paid off quite well even though I am no longer with the company.
I started saving 8% as soon as I got a full-time job after college graduation (22). Five years later, I'm up to 13% in a 401K and maxed out in my IRA every year.
Hi, this site is currently not accpeting members, so I found another one, and much better than this one.
It's called "Appiration", it gives you an extra 0,50€ per app, and I already won 10€ and sended to my paypal.
I made a video with a quick demonstration and how it works. " in portuguese " http://www.youtube.com/watch?v=mZ5gf50RgII
When I was 14, my Dad opened an IRA for me and convinced me to periodically move money to it while I was a teenager. My Dad is a smart guy and gave me a heard start on retirement. I didn't get done with school and start a job until I was 25, I'm slowly building a 401K (with employer matches thankfully) now but it was a nice to already have about 8K in a retirement account.
I'd love to hear from readers who have moved somewhere cheaper (or more expensive!) and why.
Personally, I just moved *to* Los Angeles. Part of the reason why I moved here is because I love comedy, though, so I can say that I've already taken advantage of a number of the comedy clubs.
I started saving 3 years ago when I started graduate school and got engaged. I was 22 and DH was 24. DH and I both started our employee retirement accounts then a year and a half later we started my Roth IRA.
When did I start working? Thats when I started saving for retirement. The answer is when I was 22 years old.
I have been putting in the maximum allowed for the last 20 years. For some years that was 10% of my salary, some years it was 15% of my salary and some years that has been the IRS limit - now $16,500.
Additionally for the last 10 years I have been funding a Roth IRA up to the maximum limit - now $5,000 but less in prior years.
I also have been funding a HSA as part of a High Deductable Health Insurance plan for the last 4 years - current maximum about $6,000. I wish they offered and I had a HDHI plan for the last 20 years - that would be a nice extra retirement fund. I currently have about $20,000 that I never paid tax on and is growing tax free every year - not bad.
I started saving a few months after I started my first job after college. When I moved to another job a year later, my employer match contributions and I started maxing out what I could put in my 401K. Was doing really well and then... I quit my job right as the economy went bust. Spent a year and a half working just part time and living paycheck to paycheck. But now, I'm in a new job, am paying off my bills and signed up for my new 401K today!
I started saving with my first job out of college at 23. It wasn't much at first, but now I'm saving a higher percentage of my paycheck, and my retirement accounts are growing.
I made one initial deposit when I turned 18, but I've been in school ever since. As soon as I get out and get a job, I'll start making up for lost time.
When I got my passport the first time and when I renewed it last year, I just went to the County Clerk's office. In under 15 minutes I had an acceptable picture for free and turned it in with my application on the spot. When the person approving the picture takes the picture, it certainly helps, and you can't beat free.
Started saving for retirement when my parents made me put a good portion of my paper route money into a bank account for that purpose. But I started my official 401k as soon as my first job out of college would let me and been going strong ever since!
I started saving at 26 when i got out of the peace corps and opened a roth. As a freelancer I maxed out a roth and sep ira every year and now as a pt govt worker i contribute 20 percent of my pt salary to my tsp, contribute to a sep ira (for my freelance work) and max out a roth.
Uh...I haven't really started yet (I'm in my 30s. I've had savings that have been wiped out by medical bills and such, and I've spent so much time trying to pay down debt that retirement has been on the backburner (bad, I know). My husband has a 401(k), and we're trying to get back on track and save more right now.
I started saving with my first job. Even though I have never made more than $40k, and I have had mediocre investing results, I have managed to save a million dollars. You must be willing to live simply, and save 25-50% of your income though. I am 63 now.
I am currently 26 years old. I started saving for retirement at age 23. I was finished with college but had not yet started my career permanently (at age 25). It was 2009 and I decided it was a great time to start a Roth IRA since the economy tanked. I through a few thousand out of my emergency fund into a Roth at Vanguard and watched it grow. I now have the federal government's Thrift Savings Plan (TSP) which will match my contributions up to 5%. I'm currently investing 6% with an extra 5% coming from the government. I pay myself first with that investment and I pay myself last into my Roth IRA with the money left over from each paycheck.
Honestly, I began saving for retirement with my first job right out of college. I had a 401(k) account from my employer (with a good matching percentage). I had minimal expenses back then and could put lots of money away. Glad I did because it gets harder as you add a family and the expenses pile up - it's tempting to skimp on yourself - but don't!
When I was 22, at my first "real" job.
age 21, when i got my first salaried job out of college
I started when I got my second "real job" at 23. I put in 3% matched by the company, another 3% in a Roth, and 3% in discounted company stock. All have paid off quite well even though I am no longer with the company.
at age 22 right when i started my first big boy job
I started saving 8% as soon as I got a full-time job after college graduation (22). Five years later, I'm up to 13% in a 401K and maxed out in my IRA every year.
Hi, this site is currently not accpeting members, so I found another one, and much better than this one.
It's called "Appiration", it gives you an extra 0,50€ per app, and I already won 10€ and sended to my paypal.
I made a video with a quick demonstration and how it works. " in portuguese "
http://www.youtube.com/watch?v=mZ5gf50RgII
And here is the link to signup:
http://appiration.workhub.com?ref=1F125CB2A7
When I was 14, my Dad opened an IRA for me and convinced me to periodically move money to it while I was a teenager. My Dad is a smart guy and gave me a heard start on retirement. I didn't get done with school and start a job until I was 25, I'm slowly building a 401K (with employer matches thankfully) now but it was a nice to already have about 8K in a retirement account.
I'd love to hear from readers who have moved somewhere cheaper (or more expensive!) and why.
Personally, I just moved *to* Los Angeles. Part of the reason why I moved here is because I love comedy, though, so I can say that I've already taken advantage of a number of the comedy clubs.
I started when I got my first full time job.
I started saving 3 years ago when I started graduate school and got engaged. I was 22 and DH was 24. DH and I both started our employee retirement accounts then a year and a half later we started my Roth IRA.
When did I start working? Thats when I started saving for retirement. The answer is when I was 22 years old.
I have been putting in the maximum allowed for the last 20 years. For some years that was 10% of my salary, some years it was 15% of my salary and some years that has been the IRS limit - now $16,500.
Additionally for the last 10 years I have been funding a Roth IRA up to the maximum limit - now $5,000 but less in prior years.
I also have been funding a HSA as part of a High Deductable Health Insurance plan for the last 4 years - current maximum about $6,000. I wish they offered and I had a HDHI plan for the last 20 years - that would be a nice extra retirement fund. I currently have about $20,000 that I never paid tax on and is growing tax free every year - not bad.
I started saving a few months after I started my first job after college. When I moved to another job a year later, my employer match contributions and I started maxing out what I could put in my 401K. Was doing really well and then... I quit my job right as the economy went bust. Spent a year and a half working just part time and living paycheck to paycheck. But now, I'm in a new job, am paying off my bills and signed up for my new 401K today!
Tweeted my response on twitter. http://twitter.com/#!/1bets1/status/83214500119068672
I didn't start until I was 38. My job had a plan that I joined. I started small and have increased since.
I started saving with my first job out of college at 23. It wasn't much at first, but now I'm saving a higher percentage of my paycheck, and my retirement accounts are growing.
I made one initial deposit when I turned 18, but I've been in school ever since. As soon as I get out and get a job, I'll start making up for lost time.
When I got my passport the first time and when I renewed it last year, I just went to the County Clerk's office. In under 15 minutes I had an acceptable picture for free and turned it in with my application on the spot. When the person approving the picture takes the picture, it certainly helps, and you can't beat free.
Started saving for retirement when my parents made me put a good portion of my paper route money into a bank account for that purpose. But I started my official 401k as soon as my first job out of college would let me and been going strong ever since!
I started saving at 26 when i got out of the peace corps and opened a roth. As a freelancer I maxed out a roth and sep ira every year and now as a pt govt worker i contribute 20 percent of my pt salary to my tsp, contribute to a sep ira (for my freelance work) and max out a roth.
Uh...I haven't really started yet (I'm in my 30s. I've had savings that have been wiped out by medical bills and such, and I've spent so much time trying to pay down debt that retirement has been on the backburner (bad, I know). My husband has a 401(k), and we're trying to get back on track and save more right now.
I started saving with my first job. Even though I have never made more than $40k, and I have had mediocre investing results, I have managed to save a million dollars. You must be willing to live simply, and save 25-50% of your income though. I am 63 now.
timestamp for twitter:) http://twitter.com/#!/ldelangel/status/83202877430046720
I have "liked" your facebook page:)
I am currently 26 years old. I started saving for retirement at age 23. I was finished with college but had not yet started my career permanently (at age 25). It was 2009 and I decided it was a great time to start a Roth IRA since the economy tanked. I through a few thousand out of my emergency fund into a Roth at Vanguard and watched it grow. I now have the federal government's Thrift Savings Plan (TSP) which will match my contributions up to 5%. I'm currently investing 6% with an extra 5% coming from the government. I pay myself first with that investment and I pay myself last into my Roth IRA with the money left over from each paycheck.