<prompt> Human: I am 21 years old, about to begin my last year in college as an engineering student. Good scholarships have allowed me to save the bulk of my money from my internships and now I have just over 15000 in a savings account earning very little interest. At what point could I consider investing some amount of money? Are there other types of savings accounts I should place some of it in? What are some things I should know about savings as I prepare to join the work force full-time?  <response>: If you have earned income this year you could open a Roth IRA and contribute up to 5500 to that.This was written for you: Also in general read this: And follow the flowchart: 