How To Start Your Own Retirement Plan? 
Once you have a full time job , you want to establish the discipline of paying yourself first . Paying yourself first is the money mantra of retirement planning . The first step is to determine if your employer offers a defined contribution plan like a 401 -LRB- k -RRB- , especially if the employer matches any portion of your contribution . If theres no retirement plan at work , you may want to explore tax deductible IRAs that generate taxable income or nondeductible ROTH IRAs that generate tax free income at retirement . 