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401(k), Roth IRA & Starting Early
A simple introduction to long-term accounts without investment jargon.
First Job · 5 min
Step 1
Retirement accounts are designed for long-term saving and can have different tax rules and eligibility requirements.
Step 2
Some employers offer retirement plans and may contribute when employees contribute. Individual retirement accounts are another option for eligible people.
Step 3
The important beginner idea is time: starting with a manageable amount early can give long-term growth more time to compound.
Try this: Learn the rules of any plan available to you before deciding how much to contribute.