In response to:

What's the Best Way to Save for Retirement When Your Employer Doesn't Offer a Plan?

Harold206 Wrote: Aug 16, 2012 9:08 AM
Carrie, remember to tell everyone that it's never too late to begin retirement savings I started when I was in my late 30s and I was able to retire to part-time work at age 56, and retire fully at age 61. I have been drawing my required minimum distributions for over three years and yet I still have over half-a million dollars in addition to SS and company retirement. I am confident that I'll never outlive my assets.

Dear Carrie: I'm 27, and my husband is 32. We're starting to think about saving for retirement. He has a 401(k) at work, but I'm a hairstylist at a small salon that doesn't offer any retirement benefits to its employees. What's the best way for me to save? --A Reader

Dear Reader: First, kudos to you both for some smart thinking. Starting to save for retirement early is one of the most important things you can do. At your age, if you save just 10-12 percent of your annual income from now on, you should be in pretty good financial shape...

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