People need to budget themselves so that they have enough cash flow after they've bought the house and fixed it up to save for retirement. Begin saving OK, so you've got a handle on your debt situation. And if you do buy a house anytime soon, you'll be sure not to let it suck you dry financially. So far, so good. Now don't forget about saving.
Most employers allow their employees to sign up as soon as an initial probationary period ends.
An employee can request that as much as 15 percent be deducted from each paycheck toward the retirement plan. Many companies will match whatever the employee contributes, dollar for dollar, up to a certain limit. If 15 percent is too high, start with 5 percent and gradually work your way up to the maximum, advise some financial planners. Scrimping a bit now will pay off in the long run. Colo. Another realistic way for this age group to start saving now is to decide on a percentage of each paycheck to be earmarked for retirement.