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[quote=Anonymous]No time like the present.  Start saving.  An old wise saying is, "the best time to start saving is yesterday; the second best time is today."

First, your savings of ~$8k per year combined is not going to cut it.  At your spending level (approximately $110k per year after taxes), you'll need much more money in retirement.  You need to double that. At least.

Second, I agree with the above poster -- you shouldn't be investing in annuities.  They can sometimes be an okay deal, but usually they aren't.  And what you really need at your age and time horizon is growth.  The best vehicle for growth is diversified equities/stocks.  An index fund (with low fees) as suggested by the PP is a fine choice.

Third, figure out where you are spending all of your money.  Where can you make cuts?  Retirement savings is important, so don't let that go ignored in the name of unnecessary luxuries and discretionary expenses.  My guess is you have a lot of them.

Fourth, every time you get a raise, bonus, or unexpected money pay yourself first.  Put it in the piggy bank.  Save it up.  You can't just spend everything you earn and expect to be able to retire.

It's really not rocket science.  It's simple.  Not easy, but simple.[/quote]

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