Episode notes
[3 Key Takeaways]
There are several savings vehicles available for financing your retirement, such as 401(k)s, Roth IRAs and pensions.
Younger people in their 20s should start saving at least 10% of their income each year for retirement. As they get older, simply increase that contribution by a few percent each year, and watch your savings grow!
You don’t have to choose between a 401(k) and Roth IRA. Often, many individuals benefit from a split-contribution strategy, which employs both account types.
[Links]
... Read more