Saving early for retirement is the best way to maintain financial independence and security later in life. Regardless of the amount you save, you will be in a better situation if you start early than if you wait until your mid-30s or 40s. The longer you wait, the more you will have to save—until it becomes too high a burden.

However many employees lack access to a retirement plan or decline to take part in one. Often, employees wait too long to start thinking about saving for retirement. It is recommended that employees plan to save 8 to 11 times their annual income for retirement. One of the best ways to prepare for retirement is with retirement savings come an investment plan.