Earning An A In Retirement Planning

Topics:
Retirement plans
Tags:
Bank Of America Corp.,
Personal Finance,
Retirement,
Roth IRA
Source:
Bank of America

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Overview: If you can squeeze some additional savings out of your budget, consider a Roth IRA. Contributions made to these accounts are made with after-tax dollars, but qualified withdrawals taken during retirement are completely tax-free, making this one of the best ways to save for one's golden years. The Roth IRA is also uniquely flexible: Original contributions can be withdrawn at any time for any reason. There are also other exceptions where even earnings can be withdrawn before retirement without triggering the standard 10% early withdrawal penalty.

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Format: HTML | Date: Jan 2009 | Pages: 2

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