9. Invest Early and Aggressively
If you’re in your 20s and start investing now, you’re in luck, said Joseph Jennings Jr., investment director for PNC Wealth Management in Maryland.
“Due to the power of compounding, the first dollar saved is the most important, as it has the most growth potential over time,” he said. As an example, Jennings compared $10,000 saved at age 25 versus 60. “The 25-year-old has 40 years of growth potential at the average retirement age of 65, whereas $10,000 saved at age 60 only has five years of growth potential.”