When’s the best time to start planning for retirement?

My parents have financial problems because they did not plan well. I have just started my 1st job and want to know when I should start being concerned.

Public Comments

1. You say you just started your first job, huh? Well, you should have started planning for your retirement YESTERDAY! The sooner that you begin, the more capital you will amass. Don't worry, kid, your parents will be just fine.
2. Now is an excellent time to start planning for your retirement, and future in general.
3. The best time to start planning for retirement was yesterday. So start right now. Contribute the max to your 401k plan. For 2007 the max is $15,500. If you really can't do that, then at least contribute up to the company match. If you can invest more than the max, then put another $5,000 into a Roth IRA. I recommend the book Total Money Makover by Dave Ramsey. Good luck.
4. Start planning your retirement now. find a good burial place for yourself. mark the spot and tell yourself that you are a living proof of success. then mark the epitaph with these words - "the hero and saviour of our era." sounds cool, eh?
5. NOOOOOOOOOOOOOOOOOOOOOOW!!!!! IMMEDIATELY!!! The earlier you start to plan, the earlier you retire.
6. the sooner you start, the quicker you will build wealth. start right now. do not delay.
7. you should immediately because the earlier you the more money you can spend for your retirement
8. now! ...the moment you get yr first paycheck...pay yourself 1st....set at least 20% (more merrier) aside as your savings.....set a goal for yrself ...say you want to aim to save a min of 20k....then once u reach yr goal (continue to save)...set a percentage of your savings (say 80% - if you are a risk taker) for investment portfolio....then take 60% (if u r mid risk taker) for yr 401k or bonds and the rest on high risk invenstments (stocks, options etc)
9. come across an article ...which advise tat if u r just startin yr career...n btw 20 to 28 yrs old.... u shd save 10% of yr salary until u retire !!!!!! simply start n continue a systematic savin n investment prog, it will, in general, alow u to retire at age 65.....already factored in allowance in an emergency or two shd u need to dip into yr savin.....think hard n act..... btw, u cld also earn xtra money online @ yr free time...to consolidate yr savins... http://www.earnxtraathomesg.com/index.php