Myth: Young people need not worry about retirement planning
Nothing can be further from the truth! In fact, if you are in your late 20s or early 30s, it is the best time to start saving up for retirement. You can afford to save more money, take more risks, and make a wide range of investments, increasing your chances of retiring rich (or retiring at all!). Most importantly, you have time and time is what makes money grow large.
