Whats the best way to slowly save for retirement.?

Im 30 and i want to start retirement savings. How can i slowly build up savings. Im not good at understanding all kinds of investments I just know i need to start saving but it hard to figure out where to start.

Public Comments

1. Set aside 10% each payday.
2. could always do as that one commerical for retirement shows get a jar and start tossing in your change when you empty your pockets i do it out of habbit To use when i'm low on money for gas, smokes, food etc , i got a small jar on top of my t.v and when it's full it gets poured into a bigger tin can, and when thats full i roll all the coins , last time i rolled coins i ended up with 200 dollars of just coins then you can take it to a bank and either open a savings account and put it in there and KEEP it for retirment or talk to a investment person and have them explain it all to you in Lamens terms - I don't understand it either, But i'm just planning on opening a savings account and start it that way, if nothing else my kid s will have money for college
3. If you job offers a 401K, start one up. Have them take as 10-12% of your paycheck towards this account. Then forget it. If your job matches the amounts, that is an extra bonus for you. Otherwise, every paycheck, immediately take 10% and put it in a Money Market or High Yield savings plan, or a ROTH IRA or similar. (You bank can help with this.) Do this with every paycheck. The first check your write when you get paid should be one to yourself.
4. spend less money fool
5. If you work at a company that offers a 401k plan, contact you HR or personnel dept. and find out how to enroll. They will be happy to explain your options. If they have a matching program, be certain to save enough to get the full match. 401k plans can offer an assortment of investment options. The plan documents will explain your choices and often the pros and cons of each investment (the risk & rewards). For someone who is 30, you might consider a Target 2040 fund or start with a Total Stock Market Index Fund (perhaps 80%)and a Bond fund perhaps 20%). If you can't participate in an employers 401k fund, the open a Roth IRA at a mutual fund company (Fidelity, Vanguard, T. Rowe Price, and others). Start by investing in a Total Stock Market Index Fund (no-load of course) or perhaps a balanced fund. It is important to start now. Then you can take the time to study the wealth of information that the fund companies will supply.
6. Good for you for wanting to get started! Here's what you do: 1. If you have a job that offers a 401k match, contribute enough to your 401k to get that match (likely 3-6% of your income). 2. Max out a Roth IRA. 3. Add to your 401k until you max it out. What do you invest in? A target retirement date fund. Or a balanced fund with 10-15% in bonds. Or put 60% in a total market index, 30% in an international index, and 10% in a bond index.