Retirement Savings: The Advantage of Starting Early

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If you’ve been reading LearnVest, you probably already know that we recommend that the single best thing you can do for your retirement savings is get rolling on saving up … today!

That’s because money allocated in an IRA or 401(k) isn’t just sitting in the bank—it’s invested, and since the market ebbs and flows, investments need time to grow.

David Blaylock, a certified financial planner™ from LearnVest Planning Services, explains how inflation affects your savings, what’s so special about compound interest—and what you can do if you haven’t started saving yet.

RELATED: How Much Money Do You Really Need for Retirement?

LearnVest Planning Services is a registered investment adviser and subsidiary of LearnVest, Inc. that provides financial plans for its clients. Information shown is for illustrative purposes only and is not intended as investment advice. Please consult a financial adviser for advice specific to your financial situation.