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REDDIT

Want to start investing in retirement at 24

N
Apr 15, 2025 · 23:36

Hi! So I am 24 years old and I make basically no money yet lol (about 30k take home a year) but i would like to start small in saving for retirement and I heard the best way to do it would be to start an IRA at my age to start building compound interest. Is this a good idea? And if so how much money would you recommend I put away into the IRA each month to be able to retire one day. Thank you everyone