Investing

Putting The “Gold” In Your Golden Years

When you’re in your 20s, saving for retirement is possibly the most boring subject on the planet. Yawn-inducing though it may be, it is one of the most important financial decisions you’ll ever make. Simply when you start saving, for example, can have just as large an impact on how you get you spend your golden years as how much you save and where you invest. Start young, and you could retire a millionaire by saving just several thousand dollars a year. Start late in life, and you could wave hello to the senior special at Denny’s some 50 years down the road. In this infographic, we’ve mapped out the significance of starting to save for retirement as early as possible, along with a simple how-to guide on the main retirement-saving vehicles at your disposal. (You can also take a look at Mint.com’s IRA Advisor, which helps you determine what type of IRA you qualify for in just three easy steps.)