infoseeker
Recycles dryer sheets
- Joined
- Feb 10, 2011
- Messages
- 61
Wow, what an ER opportunity for all you young pups out there if you start saving now! As a young person, I was clueless about retirement and didnt start saving until I was in my late 30's!! My 22 y.o. recently asked me if he was putting enough in his TSP. He's been saving since he was 18, so i would think he has a good shot at ER in his 50's if he plays his cards right. He currently has no debt, no dependents, and does not spend much of his income, so, until his financial/life/career situation changes, would it be wise to advise him to contribute the max allowed to his TSA (Is that $16500/year for him?) He knows about the need for retirement funds, but I doubt he has thought about ER. How do I catch his attention about this exciting possiblity of ER? After all, 35 years from now seems like an eternity to a young person. Any good books out there for those in their 20's planning for retirement in their 50's? Thanks. Great forum here!