Now, if you are like most people, you have plenty of monthly expenses that are hard to keep down. When dealing with this, plenty of people opt to not fund their retirements. This is unwise whether you are 25, 45 or 55. With this in mind, here are four reasons to begin your retirement savings now.

Compound: First and foremost, if you want to enjoy the power of compound Interest, you should start saving now. Think about it, if you put away thousands of dollars, you will enjoy a serious return on your investment. Then, if you start early enough, you will watch as your money makes money. This is the sweet spot of saving, and any smart Miami tax preparer would recommend that a person start saving early on.

We live a long time: In the past, people would retire at 60 and die at 65 or 70. No more. In fact, if you are young, you may live to 100 years old or longer. However, not only will you live a long time, but you will want to travel and enjoy life. Fortunately, if you sit down and come up with a retirement plan, you will end up enjoying your days later in life. Otherwise, if you don’t save any cash, your older years are going to be boring.

Unexpected expenses pop up: Sadly, plenty of people don’t think of the unexpected expenses in the future. Think about it, not only will the cost of housing rise, but so will the cost of health insurance, food, fuel and vehicles. To combat this, you will want to put some money away in a retirement account. If not, you are going to face an uphill battle to pay your bills in the future.

Get used to putting money away: Finally, when you want to save money, you will want to start easily as you won’t notice a difference. Think about it, if you automatically send money to your 401k, IRA or other retirement fund, you will not notice it. On the other hand, if you wait for years to save money, you will feel the pain of parting with your funds every month.

If you are of working age, you need to start socking away cash. Even if you only put a hundred dollars away a month, you are going to enjoy your retirement in the future.