Retirement

Mixing Traditional and Roth 401(k) and IRA Contributions Sucks

Mixing Traditional and Roth 401(k) and IRA Contributions Sucks

Get ready for a long read, because saving for retirement is extremely important. The government wants to make this as complicated as possible so you don’t do it. When it comes to saving for retirement, the two most popular ways are investing in a 401(k) and Individual Retirement Account (IRA). A 401(k) is a retirement offered by your employer, an IRA is an account that you can open at any brokerage firm. You purchase shares of individual stocks, ETFs, mutual funds, and even bonds with the hope that they increase in value over time and pay dividends. These accounts are popular for retirement because they provide you with a tax advantage.

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Posted by David in Investing, Retirement, 7 comments