Ross has a new job at museum where he will work as a paleontologist. His salary will be$41,000 and he has a retirement plan (403(b)) provided by misemployed that will provide a 5% match.

He wants to know what he should do about saving for retirement.In addition, he has more than $20,000 in student debt. He wants toknow if he should even bother saving for retirement until his student loans are paid off.

What do you recommend and why?

Scenario 2: Chandler just got a jobat Acme Corporate working in the IT area. His salary will be$55,000 to start and could jump to $65,000 within 18 months. His company has a retirement plan (401(k)), but doesn’t provide amatch.

He’s not sure if he should sign up for the retirement plan fromwork, learn about Roth IRAs or just wait until he’s older. What do you suggest and why?

Scenario 3: Phoebe just started her business as a licensed massage therapist. She is self-employed and hopes to make $40,000 this year. She’s heard about retirement plansbut doesn’t think any of them apply to her situation. What do youth ink she should do and why?