An interesting (non technical) article that reminds people while earlier is better, late is better than never! Start now! HoustonChronicle.com - If you haven't been saving for retirement, start now
"Financial adviser David Bach also advocates that people try to break up the big task of saving for retirement into manageable portions.
Bach, author of the book Start Late, Finish Rich, says there are strategies to build a retirement cushion, regardless of the age people start.
For example, can you wring just $10 a day out of your budget to set aside in a savings account, perhaps by cutting out expensive coffees or carrying your lunch or reducing cell phone use? That seemingly small amount can build to more than $227,000 in 20 years, assuming a 10 percent annual return, Bach calculates. Bump the savings up to $15 a day, and the results grow to nearly $342,000.
Bach recommends that workers aim at putting the equivalent of one hour a day of income into a retirement account. If you earn $50,000 a year, that works out to about $25 an hour, so your goal should be setting aside $25 a day in retirement savings."