How to save money for retirement starting from a young age?
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Saving for retirement starting from a young age is crucial for building a secure financial future. Begin by contributing to employer-sponsored retirement plans such as 401(k)s or individual retirement accounts (IRAs), taking advantage of any employer matching contributions. Consider investing in low-cost index funds or target-date funds that offer diversification and long-term growth potential. Aim to save at least 10-15% of your income towards retirement each year and increase contributions as your income grows.