To get started, consider the retirement plan that your employer is offering you. Earlier these used to be considered the best, but after fiascos like Enron, many are choosing to invest outside their companies, when it comes to retirement planning. Stocks, mutual funds, bonds, certificates of deposit, and money market accounts are worth considering, plus you do not need to spell out that you are planning to use the returns on these for retirement purposes. All you need to do is pay close attention to your money, monitor the markets and on maturity, just reinvest and sit back. What you can also do is open an IRA or an Individual Retirement Account. This a very popular retirement investment plan, for two reasons, there are no taxes levied on your money, plus you can deduct your IRA contributions when paying your regular taxes. Most banks will open an IRA for you. Next is the ROTH IRA, which is a relatively new kind of retirement account. You can open an IRA ROTH at any financial institution, and even though taxes are payable on the money that you put into this account, you do not have to anything when you take your money out.

       Finally there is the 401(k), which you can open on your own too. Other retirement investment plans are the Keogh plan which is for those who are self employed, or the Simplified Employee Pension Plans or SEP for small business owners.