You are at your first job out of college and as you go through your new employee orientation you have to make a decision about contributing to a 401(k) that your company offers. You company will match you 50% of your contributions for the first 6% you contribute. You decide to put in 7% of your income so that with the 3% match, you are contributing 10% of your income to retirement. Your new co-worker, who has not taken this class, has a lot of expenses and figures that he cannot make any contributions to an IRA for at least the next 10 years when his student loans are paid off.What arguments would you use to convince your co-worker to contribute at least 6% of his income?