Starting to save for retirement early can be one of the most effective strategies for building long-term wealth. The younger you are, the more time your investments have to grow through compound interest. Many financial advisors recommend starting as soon as you earn income, even if it’s just a small amount each month. With consistent contributions over time, your retirement account can accumulate significantly more than if you wait until your 30s or 40s. Understanding how different retirement accounts work, such as IRAs or 401(k)s, can help you choose the best plan to fit your financial goals.