Young people commonly assume their retirement years are too far away for them to think about. But beginning to save for retirement in your 20s is a wise investment for your future self, and it can teach you about the value of financial management in the beginning stages of adulthood. Get a head start on securing your future finances by exploring three ways to start saving for retirement in your 20s below.

Build Saving Habits

Building good saving habits can be a challenge in your 20s, when you’re still developing your financial independence as a young adult. However, it’s important to prioritize paying down debt and regularly putting money aside for an emergency fund and to contribute toward your future finances. A good rule of thumb is to set aside 10 percent of your income each month to maintain a budget and build your savings account.

Open a Roth IRA or 401(k) Plan

The most direct way to save early for retirement is to invest in a Roth IRA or a 401(k) plan sponsored by your employer. A Roth IRA benefits young investors by accommodating income limits and preventing them from owing money to the IRS after withdrawing for retirement. It’s easy to build savings for retirement by opening an IRA early in your career and allowing it to grow on its own.

A 401(k) plan is another opportunity to build savings for your retirement by compounding your earnings through your employer. Plus, you can always roll over funds from a 401(k) to an IRA if necessary.

Consult a Financial Advisor

Navigating your finances as a young adult can feel intimidating, with all the financial rules and jargon being presented to you. Arrange to meet with a financial advisor to go over your financial situation and options for investing in retirement. Utilizing outside resources can help you manage your current finances and keep you on track for your future retirement.

Managing your finances as a 20-something-year-old can feel daunting, and that’s why the majority postpone the process of arranging their savings for retirement. Be mindful that saving for retirement as a young adult is the best way to make a double investment in both your present and future financial security.