It is never too early to start a retirement savings account. If your company offers a 401(k) participate in that especially if they offer a match on your funds. Besides that start a ROTH IRA and contribute the maximum $5,500 for 2014. I would use a discount broker such as Sharebuilder that does not charge an IRA fee and has minimal commissions. As for what to buy get a low cost exchange traded fund tied to an index such as the S&P 500. I have written many blogs on ROTH accounts, 401(k) accounts and retirement in general. Feel free to contact me if you have any further questions. By starting an IRA now you will basically have double the amount you would have if you started at age 30.

Yes, by all means.

First, save 6 months of living expenses in cash for emergencies.

Next, if your employer has any kind of savings/retirement plan (and if it is halfway decent) you probably should take advantage of that.

Then open an IRA, either Roth or Conventional. Talk to Vanguard or Fidelity (among many others) about an IRA account.

Buy ETF's like DIA, SPY, VGT or DVY. Add to them on a regular basis. Reinvest the dividends. Hold for decades.

Life is pretty simple: get a good education. get a good job. learn to live on less than you earn. invest wisely. retire wealthy.

Good Luck!

in what country u live.

what type of income u got .

if in USA and u can afford to set up

Roth IRA and IRA - do so.

u can fund up to 5500$ each

one grows taxes free, other get u a tax break

at end of year.

if u funded each fully, by time u 65 they should

be worth 100,000 each.

a library can help u learn least u get burned.

u could fund both for 10 yrs and stop.

u would have more money than some one starting at 30

when 65 came around.

start for alibrary

Of course i started saving at 18yrs old within a roth ira and 401k. Get yourself a Roth IRA, 401k from your employer. Your retirement account is connected with the stock market so you will lose money within the short term so ignore short term market news, invest long term though dollar cost average.

Best of luck

Yes. It is good to start at the earliest. Prepare a long term personal financial budget covering expenses for your marriage, children;s education, a good apartment, car, and for a happy retired life. Make investment in Bonds, Mutual Funds,Stock,Real Estate etc.considering the risk involved.

It's definitely not too early. Many people start saving at your age and the ones that don't regret it later. As long as you can afford to put the money in every month, go for it. There's plenty of options on how to do it, just look online. Your employer may offer something too.

If you're serious about saving for retirement you can't start too early. Most people put it off way too long and then don't give themselves a ghost of a chance of doing anything meaningful.

save for your self (for maybe a car, a house) and save for retirement. do it by always contributing to your employers 401k at least to the match amount. and pay yourself first out of each pay day, even if its only 3%, put it away each time. Set up an IRA at Fidelity or Schwab (do you have a job in which you can contribute to an IRA), avoid banks until you need a client advisor.

Hi everyone! My question may sound crazy but I am incredibly determined to save enough money so that I can retire at a decent age and live comfortably during my retirement. I am 23 years old and I am employed full time as a Project Coordinator, although I am hoping to change careers within the next 6 months. Should I start a retirement fund or is it too early? Are there any risks or disadvantages to starting a retirement fund? What do I have to do - just go to my bank and ask to set one up? Thanks for all your help.