4 Smart Steps to Retire Rich When You’re Young

As mentioned by Albert Einstein, compound interest is the eighth wonder of the world. When you’re young, time is on your side. Even a small monthly contribution will gradually grow into a huge nest egg. Here are four smart steps to retire rich when you’re young:

1. Enroll in the 401(k)
2. Fund a Roth IRA
3. Pay off student loans — in good time
4. Resist cashing out a 401(k)

(kiplinger.com)