Start as early as you can! The sooner you can start any kind of retirement plan, including an Individual Retirement Plan, the better off you and your family will be later on in life. The sooner you can start saving money, the more money you will have saved up when your retirement age comes.
If you are able, set up both an Individual Retirement Plan and a retirement plan with your current employer. This will provide you with added financial security later in life.
Sit down with a financial advisor to see what retirement plan option is best for your individual situation.
Educate yourself on all of the benefits and drawbacks of an Individual Retirement Plan. Then take advantage of all of the benefits that are offered to you through your Individual Retirement Plan.
Contribute as many funds as you can as often as you can without exceeding your yearly limit. The more funds you can contribute, the more interest will grow.