The sheer number of options available to plan for retirement, and their confusing names and acronyms, can make you want to avoid the process altogether. For instance, IRAs are a type of investing tool that allow you to set aside money specifically for retirement, but they do not come in a one-size-fits-all package. There are several types of IRAs you can choose from based on your situation. Some are tax deductible, and others are not, but all have tax and other related benefits.
Topics: what’s the difference between stocks and bonds, what is a money market account, what is a stock, what is a bond, 401k investing, investing for retirement, All, Saving for Retirement, Near or in Retirement
Maybe it’s relaxing on the beach, traveling the globe, or spending more time with family – either way, everyone has an idea of what their dream retirement will be like. The problem is, a lot of people don’t know how to achieve that dream.