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I would still suggest opening an IRA though. Actually I would suggest that to anyone who hasn't done that yet.
This will give you an idea of what a little extra time can do for your retirement.
If at age 25, you made a single deposit into an IRA of $1,000, and never put anything else in there, in 40 years, at 8% interest, you would have $21,724.52. Not enough to retire, but I'm just using this to show how much difference 10 years can make.
If you waited until age 35, and made a single deposit, you would have $10,062.66.
If you waited until 45, you would only have $4,660.96
An extra 10 years can more than double your outcome. An extra 20 years will quadruple it.
[cheesy line] Don't work for your money, make your money work for you. [/cheesy line]
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