70% of retirees would tell their younger selves to start saving earlier

Key Facts

• Sporrer/Rupp | Image Source | Getty Images The biggest piece of advice that people in retirement would pass along to their younger selves is simple: start saving earlier for the end of your career.
• Roughly 70% of retirees said that changing their habits to save or invest more and earlier is the top advice they’d give their younger selves, according to the Employee Benefit Research Institute’s retirement readiness survey.
• Having more time for money in the stock market to appreciate, and reap the benefits of compound growth, can be a huge help in meeting one’s financial goals.
• While the most prevalent advice was to start earlier, there were also things that retirees felt that they did right in preparing for retirement, and roughly 40% said they ultimately wouldn’t make any changes in how they prepared.

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