When it comes to investing, the old adage “the earlier, the better” is especially true.
In fact, studies have shown that starting your investment plan at a young age can have a significant impact on how much money you end up with in your retirement fund.
The earlier you start investing, the more time your money has to grow before you retire and begin taking distributions. And if you invest wisely, that growth can be substantial.
But what if you’re already well past your 20s? Does it make sense to start investing now? Or should you just leave it all up to your kids?
Well, here’s some good news: There are plenty of ways for people who are older than 30 years old—and even much older—to get started on their investment journey. It’s never too late!