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Ask Dave

No 401k Offered

I'm only 25 and just took a job with no 401k plan. How do I save for retirement?

QUESTION: Listener is 25 and just offered a job with a company that doesn’t offer a 401k. How should he start saving for retirement?

ANSWER: Open a Roth IRA in a good growth stock mutual fund. That’s the best place to start at that point.