​Are you a millennial who hasn’t started saving for retirement yet? You have company. According to a new report from the National Institute on Retirement Security, two-thirds of people between the ages of 21 and 32 have nothing saved for retirement.1
 
Of course, you may not feel like retirement is an urgent priority. After all, you have decades left until retirement. You also may have more pressing financial issues, such as student loans, credit card debt or child care expenses.
 
While retirement may seem like an issue for the future, it’s wise to start saving today. Below are three reasons why it pays to start your savings plan in your 20s. A financial professional can help you develop and implement a savings plan.

​Are you self-employed? If so, you may be living your dream. You set your schedule, run your business the way you like and answer to yourself. You may even get to earn income doing what you love. While self-employment can be challenging, it can also be greatly fulfilling.
 
Self-employment can present unique challenges, however, especially when it comes to retirement planning. While traditional employees can participate in their employer’s 401(k) plan or pension, self-employed individuals have to do it on their own. That can be a significant burden.
 
Since you work for yourself, you may believe that you can delay retirement as long as possible. However, that assumption may be incorrect. There’s always the risk that you could be forced into retirement at some point because of illness or injury. Or you may simply decide you want to pursue other activities. Should that time arrive, you’ll be far more prepared if you have a plan in place.