17. Your Employer Might Not Help You Prepare
Not all employers offer a 401k or similar plan. “While a 401k is a great retirement tool when available, there are other options available to you,” said Brandon. For people without an employer-sponsored plan, she recommended setting up an automated payment plan to fund a Roth IRA.
“A Roth IRA helps you save both for emergencies and retirement. Money you put in as a contribution can be taken out tax-free later,” Brandon said. “The account can also act as [an] estate planning tool and is generally more tax-efficient than a traditional IRA.”