Sunday, May 27, 2012
How to Jump-Start A Lifetime of Saving
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 For twentysomethings just getting started, investing for retirement may seem like a distant chore. But saving for the future doesn't have to be painful and starting now will give you a nest egg to crack for weddings, kids, or rainy days. No 401(k) at work? No problem -- BusinessWeek Online's Smart Steps for Young Investors offers five alternatives for getting a head start on retirement. For a hassle-free approach to saving, target-date life-cycle funds allow investing newbies to pick a retirement date. Then the fund allocation automatically adjusts over time. Our guide also includes tips for getting over that first hurdle: bad credit. And don't let housing prices scare you, either. There are ways first-time home buyers can get into the market without going broke. What about fun? Lest you think all that saving means no money left over for enjoyment, we've included tips for setting cash aside for vacations, gizmos, or school. You'll find this investing survival guide at www.businessweek.com/go/younginvestor
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Copyright 2005, Bloomberg L.P.
