I'm 18 and want to put some money away each month to start a pension. Where do i begin?

Answer 1

At your age, you will do yourself a favor by opening up an IRA. This is an individual retirement account. If you continue to contribute 50.00 per month, by the time you are in your 40's you will be set for retirement if you choose. Your bank, Insurance companies and brokerage firms all can assist you in setting up an IRA. Shop around, and make sure they explain in detail the different types of IRA's there are.

good luck & bless

Answer 2

if you are in the UK you need to look for a Stakeholder pension with an annual management charge of less than 1% each year, however their is no use tying up money for later life if you haven't built up an emergency reserve fund of at least three months income so that if the brown stuff hits the ventilation device you have cash to fall back on and dint end up falling into debt. so put cash into a UK mini cash Individual Account ISA for a couple of years first, then a stocks and shares mini isa to build up your medium term investment pot and then if you have done that THEN and only then tie up money which you will not be able to access until you are 55 years old.

Answer 3

open up a Roth IRA

any of the big investment companies will do it for you, such as fidelity, schwab, etc.

you can either send them a check each month, or, if you have a job, have a portion of your check direct deposited into the account

the other option is a job that gives you a 401K

Answer 4

How bout a 401K?!? a pension is with a company you work for and retire at

NOTE: You dont need to work for a company to have a 401K