If you're thinking about retirement and the money you'd like to save up ahead of time, there are a few tips on when--and how--to get started.
Saving for retirement is particularly challenging for those living on a modest income. You may feel as though there isn’t any money left after covering your basic expenses each month. Even if you do manage to put away a few dollars, investing in an IRA often involves an initial deposit of at least $1,000. Low- to moderate-income earners do have some tools available to help them get started, however. If you have found it difficult to begin saving for retirement, these tools and incentives can help.