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View Poll Results: What age did you start saving for retirement?
15-17 9 7.69%
18-20 14 11.97%
21-23 41 35.04%
24-26 21 17.95%
27-29 15 12.82%
30-32 2 1.71%
33-35 4 3.42%
36-38 0 0%
39-41 0 0%
42-44 0 0%
45-47 1 0.85%
48-50 0 0%
51-53 1 0.85%
54-56 0 0%
Don't save. Relying on social security. 9 7.69%
Voters: 117. You may not vote on this poll

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Old 01-18-2014, 01:50 PM   #1
bimmerfan08
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What age did you start saving for retirement?

Just curious what age people generally started saving for retirement at. Poll above, but you can list age as well.

List can include any monetary contribution towards retirement.
-401k
-IRA
-Roth IRA
-Savings account
-Etc.

Edit: Social security calculator...http://www.ssa.gov/oact/quickcalc/
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Last edited by bimmerfan08; 01-18-2014 at 03:54 PM. Reason: Auto-save 1390082052
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Old 01-18-2014, 01:57 PM   #2
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Started in your 15-17 category but not with the "traditional" investments. I worked at a collectible/art/jewelry store back in the day, and used to buy stuff for myself, including gold coins, jewels, rare watches, etc. I remember buying krugerrands at $200 a pop.
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Old 01-18-2014, 01:58 PM   #3
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I went to grad school so couldn't start saving until my late 20's.
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Old 01-18-2014, 02:00 PM   #4
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I went to grad school so couldn't start saving until my late 20's.
I know school/student loans can put folks behind on saving or at least, limit the amount they can contribute towards retirement.
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Old 01-18-2014, 02:02 PM   #5
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Never...let you suckers pick up my retirement tab. I have too many xboxes, iphones, and AMGs to buy now.

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Old 01-18-2014, 02:22 PM   #6
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16 mom's a financial advisor so I had some guidance. If not for her id be lucky to have a grand in the bank at any given time haha
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Old 01-18-2014, 02:33 PM   #7
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The day I commissioned in the Marines at the end of college and got my first pay check.

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Old 01-18-2014, 02:40 PM   #8
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Bought my first stock when I was 13 or 14 from a giant jar of change. I try to put away a little each year but going back to school has made that really tough.



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Old 01-18-2014, 02:45 PM   #9
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Old 01-18-2014, 02:46 PM   #10
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I was young and stupid. I don't count the IRA I had in my early 20's since I ended up using it as a "oh yeah, I can blow that money" account. So pretty much actually started at 29. I "assumed" I'd be getting a nice retirement check starting at 39 and then continue working making a good salary until I retired (with full military medical/dental/etc retirement benefits) so I didn't pay much attention to investing for my retirement until I realized I might not get to stay in the Navy long enough to retire. Since then, I learned a ton about savings, investments, and finance. 10 years ago I didn't care about anything "personal finance" related outside "how much is left in my checking account". Today, I have enough qualifications/education/knowledge to be a financial advisor if I wanted to switch careers.
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Old 01-18-2014, 02:52 PM   #11
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Old 01-18-2014, 02:54 PM   #12
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I started at 24 but made the mistake of cashing out my 401k after quitting that job. So i guess 28 was the new start date. Emergency fund taken care of and 12% to 401k.

Plus now paying student loans off like a mofo.

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Old 01-18-2014, 03:03 PM   #13
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here today, gone tomm

i spend it while i can, if i run out i'll swallow all my meds
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Old 01-18-2014, 03:06 PM   #14
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I was 19 when I started on my first 401k at a local hotel valet job. The contributions varied after I graduated and now I do 10% with a company match of 4%.
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Old 01-18-2014, 03:24 PM   #15
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Quote:
Originally Posted by evolved View Post
I was 19 when I started on my first 401k at a local hotel valet job. The contributions varied after I graduated and now I do 10% with a company match of 4%.
I was 18 working a seasonal job and worked so many hours in the season (1250 I believe) that I became eligible to contribute to a company 401k plan. I didn't really know how to manage the account (just contributed to the matched amount) until a couple years later when I started my career and rolled over the funds into my current account.
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Old 01-18-2014, 03:26 PM   #16
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Originally Posted by bimmerfan08 View Post
I was 18 working a seasonal job and worked so many hours in the season (1250 I believe) that I became eligible to contribute to a company 401k plan. I didn't really know how to manage the account (just contributed to the matched amount) until a couple years later when I started my career and rolled over the funds into my current account.
Ours was an ESOP and our match came in the form of non-publicly traded stock in the holding company of the hotel. I didn't contribute much since most of my income was via tips, but it was a start.
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Old 01-18-2014, 04:03 PM   #17
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When I get there mid to late 20's.
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Old 01-18-2014, 07:57 PM   #18
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ESOP from the age of 24. I saved 6% and company matched 3%. Percentages grew over time as I was promoted and moved to more generous corporations.


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Old 01-18-2014, 08:07 PM   #19
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Started with old coins and money. Then started to get silver and gold.
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Old 01-18-2014, 08:20 PM   #20
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Started at 16 by never walking out of the house with coins. Since uni have been putting away 10% of my salary aside on top of the government mandated employer contribution of 9 and now 12.5%.
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