It's probably the most intimidating part of the process, but it shouldn't be. Enrolling in your IU supplemental retirement plans - can help put you on the right path. Starting now is important. The sooner you start to save, the more time your money has to grow and potentially help supplement your IU base retirement plans.
Keep in mind: As your savings grow within your retirement plan, you pay no taxes on the growth. The powerful, long-term benefit for you? By earning returns on funds that would have otherwise been paid in taxes, your savings may grow faster and to a potentially greater amount. That's the power of tax-deferred compounding. In the chart to the right, see how starting early on the path to compounding can have a dramatic impact on your long-term savings.