Horrible Financial Advice For Young People
It is documented in so many places and so many ways the earlier you start investing and saving for retirement the more money you will have at retirement. Yet when I interview poeple for their mortgage application, it is all to common to talk with a 40something who has a blistering $25,000 saved for retirement, and they think it is a good start. Ummm, NO, that is a lousy place to be half way through the race, but let me remember you number as you are going to NEED a reverse mortgage in a few years. Let’s talk about using your companies 401k match, and a few other things to get your retirement savings ramped up some.
I saw this article and thought to myself it is awazing how wrong so many of the people who put themselves off as experts are in the ways of financial planning. There is no one right or wrong way that works for everyone and every situation, there is one constant, the more money you save the better off you will be.  With that said this article points out such a foolish appraoch I must pass it along as what NOT to do. If you are a 20 something, save, and save some more, use your company match in your 401k money, after all that is a free bonus.
Check out this blog for another similar take on the article.
