Saving now vs. Saving later.

I speak with numerous young adults in their 20's who just are not too concerned about their 401k, IRA, or investment accounts. In their minds, their retirement is a long, long way away. While that may be true, the ability to retire will be much further away for each passing year that they neglect their 401k and IRA accounts.

Saving today is worth a lot more than saving later, and I can prove it. I am going to assume you are thinking about saving for retirement at age 65, and that you will invest well enough to get a return over the years of 10 percent annually.