My dad retired comfortably at 54 thanks to a simple savings rule - Business Insider

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'My dad told me told me it was always easier to save and adjust the amount you live on than to try to squeeze in saving when you're already living a certain lifestyle'

It was relatively easy to set up the Roth IRA online. I decided to invest in a target-date fund, as I knew very little about investing at the time and wanted a "set it and forget" strategy for my account.

While I didn't initially see the importance of starting to invest so aggressively so early, I started to see the bigger picture when I learnedAfter graduate school, I took a job as a high-school business-education teacher. I decided to invest 10% of my salary into myHe told me it was always easier to save and adjust the amount you live on than to try to squeeze in saving when you're already living a certain lifestyle.

There are many benefits to starting to invest early. For one, I saved enough money in my Roth IRA by the time I wanted to purchase a home to take out 10% without paying additional taxes or any fees. Once I left the workforce to stay home with our two children, I felt good about the amount of money I had already saved and didn't worry about missing a few years of not investing in an employer-sponsored retirement plan. My husband and I are hoping to pay off our mortgage and

 

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Not if 40 of value is erased over night

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