"Saving 3% in a retirement account is like going to the gym for six minutes," says Stuart Ritter, a financial planner and vice-president of T. Rowe Price Investment Services. I think this is a great quote because sometimes people save a small amount and think, "it's better than nothing," but as retirement gets closer the amount is much less than they hoped and/or planned for.
I wish all people could start saving 10% the day they enter the workforce as teenagers and continue until retirement.
Clark, J.B., (July, 2013) Retirement Setbacks. Kiplinger's Personal Finance.
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