I am a mid-twenties PhD student graduating this year with about $60,000 in a money market account and no debt. Since the money is making almost no interest, I am looking for ideas for ways to invest it or otherwise save it. However, because I have been a graduate student, I also have no retirement account yet. What is this best thing to do with these savings I have been accumulating? Although I will be graduating soon, I have a job for at least the following year, so my income should be steady and even increase from $25,000/year currently to around $50,000/year.