More than 50% of those ages 18 to 34 have less than $1,000 in savings and 62% of all Americans have less than $1,000 saved. No doubt the Millennial generation is falling behind. However, with a long investing horizon, they can get their saving into shape. USA Today points out 7 ways Millennials can get a jump-start on retirement planning:

1. Pay yourself first
2. Put your money to work
3. Get every penny of your 401(k) match
4. Consider a Roth IRA
5. Keep investments simple
6. Think beyond savings
7. Be wary of advice from peers or parents

(usatoday.com)