I don’t think there is an earlier option for less money anymore but could be wrong.

  • EatYouWell@lemmy.world
    link
    fedilink
    arrow-up
    18
    arrow-down
    4
    ·
    1 year ago

    Start an IRA and put a few bucks a month in to buy shares of a mutual fund. Every penny you can invest in retirement will pay off when you do retire, and the sooner you can start, the better.

    • Anamnesis@lemmy.world
      link
      fedilink
      arrow-up
      33
      arrow-down
      2
      ·
      edit-2
      1 year ago

      No average year of IRA return will beat the 6.8% interest or more that a lot of us are paying on student loans debt.

      • astraeus
        link
        fedilink
        arrow-up
        10
        arrow-down
        1
        ·
        1 year ago

        Literally the old people stealing the wealth of future generations

        • leadore@kbin.social
          link
          fedilink
          arrow-up
          2
          arrow-down
          1
          ·
          1 year ago

          Before that you had to work until you died or couldn’t physically do it any more and starved.

          • astraeus
            link
            fedilink
            arrow-up
            4
            ·
            1 year ago

            Grateful we aren’t at that point again, yet.

      • EatYouWell@lemmy.world
        link
        fedilink
        arrow-up
        2
        ·
        1 year ago

        Over the lifetime of the investment account, it should outperform the interest you’re paying. You don’t want to track your retirement investments from year to year since the market constantly fluctuates, but it’ll still trend up 6-9%.