retirement

5 retirement savings ideas for young people

Invest in company retirement plan
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Invest in company retirement plan

When you start your new job, you'll be given materials about your company's retirement plan, if it offers one. Most companies offer a 401(k) or 403(b) plan where you contribute a percentage of your earnings and, in many cases, the company matches a percentage of those earnings.

"Make sure you aren't just investing your money, that you are also investing your time," Jennings says. "Do some research on your investing options. If there is a match to the 401(k) plan, you want to invest enough so that you get the company match. It's free money; don't leave that on the table."

For more information on how to invest in your 401(k) plan, check out "3 ways to build a secure retirement plan."


 

 

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