How can I boost my retirement savings?

1 Answer(s)

Start by contributing as much as possible to any retirement account you might have through your job, such as a 401(k) plan. If you don’t have a retirement plan at work you can open an Individual Retirement Account (IRA). You might also look into a Roth IRA, which is funded with after-tax dollars and offers tax-free income in retirement. Another option to consider is a myRA, a type of Roth IRA account with no minimum account balance and in which savings are backed by the Treasury Department.

smith Junior Answered on April 22, 2017.
Add Comment

Your Answer

By posting your answer, you agree to the Privacy Policy and Terms of Service.