Saving for retirement is something that is on everyone’s mind, especially since people are working for longer than ever and traditional retirement is changing. When is the right time to start saving, and how should young people prioritize their savings goals at a time when they are also saving for things like home mortgage loans?
Although young people may have different immediate financial priorities, it is never too early for anybody to start saving for retirement. People who start saving even a small portion of their incomes at an early age will have longer to let that money grow and collect interest, putting them in a healthy position when they reach retirement age.
Let GCS Credit Union help you make the right decisions to make your money work for you at any age. To learn more about all of our services, from checking accounts to online bill pay, contact our credit union in O’Fallon at (618) 797-7993.