A 401k IS a smart investment, especially when you still have a lot of time before retirement. It's not going to get your rich over night, it takes time to grow, but you will get larger returns than a savings account. Many employers will match your contributions up to a point, which helps it grow even faster. A 401k is offered by an employer. Usually you are eligible at either 6 months or a year after employment, depending on the employer. If you have already passed the initial enrollment period, you may need tp contact your benefits coordinator.
Just in case you aren't talking about an employer sponsored retirement account, then an IRA is what you are looking for and you can go to pretty much any financial institution to set one up, your bank will do them.
at 3:35 PM on Dec. 10, 2010