It's not your parents' retirement any more - the world has changed. Social Security, rising medical costs, inflation . . . so many concerns. The burden of saving for retirement has shifted to you, and your goal is financial independence.
These days, it's never too early to begin thinking about retirement. As a young adult, there are steps you should take as you begin preparing for your eventual retirement: max out your 401(k) contribution; start saving to build a "rainy day" fund for unexpected situations; and consider meeting with a financial professional who can help you map out a retirement strategy. And if you're approaching retirement with less savings than you'd hoped, there are steps you can take to minimize the impact on your lifestyle.