if yes. what company?|||Of Course. The biggest mistake young folks make is NOT starting a retirement account at your age. The returns, no matter how much you invest, by the time you retire are tremendous. Roth IRA is probably the best, whether it $10, $50 or $100 a month. DO IT.|||Yes open a Roth IRA|||Yes. You can start with your local bank or if you are employed start a 401(k) if offered by your company.
Never too early to start - good idea.|||Yes, certainly. A very wise move.|||If you work for a company that offers a 401K plan, you can have a percentage of your paycheck deducted pre-tax and put directly into your retirement account.
If not, anyone can contribute up to $4000 per year to an Individual Retirement Acount (IRA); the limit goes up to $5000 per year in 2008. I highly recommend getting a Roth IRA - your contributions will be post-tax, but earnings accumulate tax-free and you'll pay no tax when you eventually withdraw funds at retirement. And getting started now works greatly to your advantage - if you waited another 10 years to get started, you'd have to contribute a lot more to reach the same total at retirement age.
You can open an account on-line - I'd recommend Fidelity or Vanguard. Good luck.|||absolutely, start now and you can be rich by the time you're geezin!!!|||You can have ANY type of retirement account. There are numerous IRA's to choose from and Mutual Funds to put IN those IRA's.
Hit it hard and get your friends to start to. By all means limit time spent with those who are spenders rather than savers !!!
Congratulations on caring about your financial future !!!
*high five*
: )|||You are a wise 23 yr old to think about your future. Whatever you decide to invest in will put you way ahead of the other 23 yr olds driving new, highly financed new cars /suv's . . .
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