The Most Important Retirement Savings Move You Can Make Each Decade
Planning for retirement isn't something you can do in a few years' time -- it's something you should do your entire life. That idea, however, may seem daunting, so rather than get overwhelmed, here's a specific retirement-planning task you should focus on during each decade leading up to that milestone.
Many people spend much of their 20s paying off debt, socking away funds to buy a home, and grappling with the challenges of being a financially independent adult. As such, you may not have the capacity to max out a retirement plan each year in your 20s, and that's OK. What you should do during your 20s, however, is open a retirement account and start putting in some money, even if it's just $50 a month. If your employer offers a 401(k), that's a good place to start, especially if the company you work for matches contributions. If you don't have access to a workplace retirement plan, you can save in an IRA instead.
Source Fool.com