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Easy peasy, right?
Fortunately, its not too late to diversify your retirement investments.
The sooner you start, the better.
Below are five types of accounts to help you set the stage for amore comfortable retirement.
Roth IRA
If youve looked into retirement savings options, youve likely heard of a Roth IRA.
But what is it, and what does it actually do for you?
Simply put, a Roth IRA is anIndividual Retirement Account(IRA) where you contribute after-tax dollars.
Your contributions and earnings grow tax-free, and qualified withdrawals in retirement are tax-free as well.
Keep in mind thatfees and performancecan vary by fund, so its worth comparing your options.
Professional portfolio managers handle mutual funds, making investment decisions to achieve specific objectives, such asgrowth or income.
But it simply makes sense.
Are You Missing Any of These?
To retire comfortably, youll need to diversify your investments across multiple types of accounts.
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