No matter how much you plan, your life will not follow a direct and predictable route. You may encounter a lot of difficulties regardless of how "in control" of your life you think you are. You could lose a job, accrue debt, make a bad business or financial decision, outlive your retirement savings--the possibilities are endless.
Don't Underestimate the Impact of Saving While You're Young
I am a proud father, financial strategist, TV commentator and financial talk show host of Money Smart Radio
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That is just one of the reasons why starting to save for retirement
while you are young is important--because there may be times in your
financial future when you aren't able to set aside as much money to save
for retirement as you want, or need. If you start saving while you are
young, those initial deposits will continue to grow while you grapple
with your current-day finances.
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