The following video is part of our "Motley Fool Conversations" series, in which Motley Fool editor Erin Kennedy and Fool contributor and financial planner Dan Caplinger discuss topics from around the investment world.
In today's installment, Erin and Dan discuss how young people can get off to the right start by saving early for retirement. Dan goes through several smart alternatives that workers of all ages can use, including 401(k) retirement plans through your employer, as well as IRAs. He also notes that setting money aside for retirement can also give you tax savings now. Although some of the rules governing retirement accounts can get complex, Dan gives some simple guidance on a number of common scenarios that come up, as well as how to get started. He closes by explaining how even with so many people changing jobs frequently, you can make sure your retirement money follows you and that you put it to best use.
Everyone wants to have a comfortable retirement. To get more advice, check out The Motley Fool's special report, "3 Stocks That Will Help You Retire Rich." Inside, we reveal some stocks that could help you as well as some winning wealth-building strategies. Click here to learn more.
Neither Erin Kennedy nor Dan Caplinger has any positions in the stocks mentioned above. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.