This is where I'm optimal finance daily episode 1191.

Eight reasons you should start investing for retirement in your 20s, part one by

Kalin Bruce of Freedom Sprout.com.

And I'm Dan, I'm your host, and this is where I read to you from some of the best blogs on personal finance every single day that includes weekends and holidays.

And we actually have five different shows covering all sorts of topics.

You can search for optimal living daily wherever you're hearing this

to find all five of our podcasts.

But for now, let's get right to it here on Optimal Finance Daily as we continue optimizing your financial life.

Eight reasons you should start investing for retirement in your 20s, part one by

Kalin Bruce of Freedom sprout.com.

It's hard to look at retirement statistics and numbers across generations because of proportionality.

Baby Boomers who were born between 1946 and 1964

have saved the most, followed by Generation X,

1965 to 1978, and then millennials 1979 to 2000.

And of course that makes sense because the older you are, the more time you've had to save.

But there's a wide range from the beginning of a generation to the end,

and we simply don't know how much the younger generations will have in retirement

by the time they actually get there.

In the baby boomers days days it was common for companies

to provide pensions but we all know in today's world that pensions are about as

common as lottery winners and they're getting rarer every day. Then there's Social Security, which pretty much no one is relying on now unless they're already receiving it.

Kids these days.

...