Paul Higgins

Paul Higgins, a financial adviser with Legg Mason in Roanoke, said the key is to start early and be consistent.In other words, adults ages 18 to 34 years need to start saving for retirement now.

Higgins said the best available option for many young adults is a 401(k) plan at work.

Hancock's company just started offering a 401(k).

Higgins and Mayberry both said for young adults like Hancock, in their 20s and 30s, they won't find a better retirement savings option.