If you contribute the same amount of money into an account every month for 9 years, and then nothing more . . .
. . . you would have the same amount of money if you contributed nothing for 9 years and then the same amount of money for the next 41 years.
The power of compound interest!
So, start saving as soon as you can! Every month you wait can cost you money!
The question is--where do you save it? Is an ING savings account sufficient? (I thought it was 3% savings, but it's just 1%) :( Or does it need to be a money market account? Or something else altogether?
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