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Ask Sallie: When Should I Start Saving for Retirement? (Video)

By Sallie Krawcheck

Today, Sallie answers the question, “When should I start saving for retirement?” — and the answer definitely isn’t “some vague time in the distant future.”


Sallie’s answer:

You should start saving for retirement … really yesterday. Start with your first paycheck. Okay, the other side of it? What if I haven’t started saving? Start right now.

It’s not too late to begin to invest. A dollar invested in your 20s is worth much more than your 40s, which is worth much more than your 60s. It’s never too early and it’s never too late.

Disclosures

© 2018 Ellevest, Inc. All Rights Reserved.

All opinions and views expressed by Ellevest are current as of the date of this publication, for informational purposes only, and do not constitute or imply an endorsement of any third-party’s products or services.

The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.

The information provided does not take into account the specific objectives, financial situation or particular needs of any specific person.

Diversification does not ensure a profit or protect against a loss in a declining market. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income.

Investing entails risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

Sallie Krawcheck

Sallie Krawcheck is the Co-Founder & CEO of Ellevest. Her life’s mission is to help women to reach their financial and professional goals.