Don’t confuse retirement savings with a 529 Savings Account. The 529 Plans are designed to help families save for college costs. These are tax-free accounts specifically designed for educational expenses and if you try to use them for retirement, you will be assessed a penalty.
Whenever you sign up with a prepaid 529 plan, you are [...]

The earlier you start your retirement planning, the longer you have to achieve your goals and the less expensive it will be for you. For example, if you plan to retire at age 65, and you only start thinking about a retirement plan at age 60, you only have 5 years to start saving for [...]