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Reply to "Best (simplest, easy to understand) way to start retirement saving?"
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[quote=Anonymous]OP, I'm 29. I started at 23 and totally clueless with a Roth IRA through T. Rowe Price because I could contribute $50 a month, which was all I could afford at the time. I think their minimums have gone up since then, but the minimum monthly contribution is still pretty low, probably $100. I've heard great things about Vanguard too, but the $1000 initial contribution was too rich for my blood at the time. I disagree with waiting until you have a 6 month emergency fund. Most Americans never have that, frankly, and I certainly haven't so far. But I have more than a year's salary in retirement savings at this point and I think that's more important. My personal opinion is to get into saving for retirement as early as possible, because you simply cannot make up for the lost time in the market. Just contribute as much as you can to a Roth. It adds up![/quote]
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