Reasons to consider retirement planning for high school students
You have a lot to gain by 作为青少年学习如何省钱.
Conventional wisdom says the best time to start 为退休储蓄 是当你第一次找到一份全职工作的时候. The logic of time says something different: The longer your retirement savings grow, 你积累财富的机会就越多. 近 16-19岁的学生中有18%有工作. If you’re one of them, consider putting time on your side as a teen by opening an IRA. T在这里's a bonus, too: Learning how to save money as a teen can lead to a life-long saving habit.
不相信? We dive deeper into four common objections to help you see how retirement savings at 13 and beyond can lead to a wider range of options and improved financial security at 65.
我有足够的时间
According to the experts, t在这里's no such thing as too much time to 为退休储蓄，尤其是为了达到基准储蓄目标. 接受一个建议: Have three times your annual salary saved in a retirement fund by the time you’re 40 — and five times your salary when you’re 50. Start saving earlier and t在这里’ll be less catch-up pressure in your later years.
这里有一个例子:15岁时, 如果你在罗斯个人退休账户里存了四年500美元, that account (assuming a 7% growth rate) will grow into about $55,退休年龄为1000万. However, if you save the same amount at 25, you will only have about $30,退休年龄为1000万.
我有其他重要的事情要做
This is perhaps the trickiest hurdle to navigate when considering retirement savings at a very early age and 作为青少年学习如何省钱. But doing so can help institute a multi-pronged approach to money management. Teens should, of course, save for goals such as a car and you may also need or want to 为高等教育存钱. But even accommodating room for a very small addition to a retirement fund can help focus on a goal mindset. This is a time of life when not having other expenses like rent, a mortgage or 车辆 loan can help you put money toward retirement.
I won't be wealthy as a young person, so it doesn't matter
That might be true — but building wealth over a lifetime takes years and dedication. 制定预算, 设定目标, living within one's means and discerning between wants and needs are lifelong financial skills. If large amounts seem overwhelming, start small and build a solid financial foundation with 基本预算技巧.
我不知道该怎么做
Creating a 罗斯IRA requires a caregiver's assistance and earned income, even from gigs such as babysitting or lawn mowing. 然后，用a 罗斯IRA specifically, you will not owe taxes when you withdraw it for retirement after age 59½.
