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Best starting options to invest for retirement without a 401k
Being from the UK, I'd not heard of a Roth IRA, but it sounds very similar to our own ISA (Individual Savings Account).  Having just looked it up, I couldn't believe the annual limit was so low: $5500!  Still, you have to work within your jurisdiction's legal framework (or agitate for change?). I would definitely agree with Ben Miller's answer: you need different savings buckets for the different savings objectives you'll have throughout the different periods of your life.  I, for instance, am now a parent of two young children.  I am fortunate to be able to provide for them on multiple levels: I hope that's of some help.