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

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इंडिया समाचार समाचार

'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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