The people who are best positioned to save for retirement are the ones who think about it the least — those who are just getting started in the workforce. That’s because compounding interest has a snowball effect on savings: putting aside a little bit now can grow exponentially by the time you need it.
How Do I Start?
When most people think of saving for retirement, they think of individual retirement accounts (IRAs). IRAs are a good way to save for your future, but they aren’t the only way. You can also use special purpose savings accounts, certificates, money market accounts and other types of investments. Don’t be afraid to talk with a Dupaco financial advisor for help understanding your options – that’s what they’re there for.