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My high school German teacher hated it when people were late to class. But, there always seemed to be one smart-aleck student who would come in late anyway, announcing “better late than never”.

“But better never late”, my teacher would reply.

That same idea can be applied to funding retirement.

If you’re well into your career, but haven’t yet started funding retirement, it’s better late than never.

If you’re just entering the workforce, it’s better never late.

It’s so much easier to fund your retirement when you start as soon as you get your first job. It’ll cost you less, you’ll never miss the money, and you’ll have more at the end.

You end up way better off. It’s that simple.

If you haven’t started funding retirement yet, start ASAP, no matter what your age. If you’ve funded it on and off throughout the years (like I did), see what you need to do to get back on track, and start.

I started sending 30% of my income to retirement accounts as soon as I woke up and realized how awfully behind I was. (I am way, WAY behind.)

It seems overwhelming, but on the plus side I already know that I can live on less than my income. In theory I won’t need anywhere near the recommended 70% to 90% of my income in retirement. (Good thing.)

The point is to not give up. Any amount you can set aside toward retirement (and then NOT TOUCH) will help.

Make it a priority.

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