<prompt> Human: My friend is a 28-year-old male and has saved nothing so far. He hasnt worked anywhere that offered him a 401k plan. What exactly are the steps he can take to get something like a 401k started for himself? What are his options? Hed probably only be putting 100-200 per month away for the next 2ish years, then much more as he moved up in his career. It goes without saying that getting a decent career started has been a pretty rocky journey for him. For lots of people. But he needs to start saving now. Please help? Specifics are appreciated.  <response>: Its called an IRA individual retirement account. the AutoModerator has links to the right wikipages about that. He can definitely put in 100-200 per month, the maximum limit per year is 5500.I would choose Vanguard to set it up with, for their low fees and good investment options. Fidelity and Charles Schwab are also relatively low fee and good. Some other parties that offer IRAs ask too high fees and offer bad investment options, so, as always: buyer beware. When he gets further into his career and reaches the 5500 annual limit, hopefully at that point he works at a company that does offer a 401k. 