Ian | 25 | NYC

Ian in New York says that his most important money goal is saving for retirement.

Photo credit: Tiffany Clark

What is your most important money goal?
I think saving for retirement. I have a 401(k) going, an IRA going; I just want to save for retirement. I don’t want to struggle at the end.

Are you living in New York?
No, I live in Danbury, Conn.

What kind of work do you do?
I’m an E-Rate consultant. It’s a federal program run by the FTC that gives money to schools and libraries for telecommunications services [and] Internet access. It’s like a $2.5 billion fund, but it’s a very confusing program so they hire out consultants to manage their application process. It’s similar to hiring an accountant for your taxes. I help the schools get hundreds of thousands of dollars.

How long have you been at this job?
Two years.

And you’ve been contributing fully to the 401(k) since you started?
Yes.

Was the 401(k) part of your consideration when you took the job?
No, but I definitely take advantage of it now. It’s free money.

Why do you think you’re already thinking about retirement?
You hear in the media about so many Americans who are struggling as they grow older; and it’s always easier to start early versus contributing a lot more when you’re 50.

Do you have any idea what you might want to do in your retirement?
No, that’s too far in the future.

If you could retire tomorrow, what would you do?
Nothing. Honestly, nothing.

Rest?
Exactly. I don’t know, I’d probably buy a boat. I’ve been obsessed with boats lately, so I guess I would bring my boat out every day and relax. And … drink, I guess.