Saving for Retirement — How to Get Started

Your employer is usually the best place to start, but you can also open your own retirement account (an IRA or Roth IRA, for instance) at your bank or a major custodian (like Charles Schwab or Fidelity).

In some cases, there are income limits for contributing to a retirement account, which a financial advisor can discuss with you.

A smart idea is to set up an automatic contribution to your retirement account, such as 10% of your monthly income. That way you’re automatically saving, and saving regularly.

When Should I Start Saving Money?
How are My Retirement Benefits Computed?
How Does My Retirement Age Impact My Social Security Benefits?

Keywords: investments, Personal Finances, retirement accounts, saving for retirement, IRA, 401(k), Roth IRA,

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