Where’s the Best Place to Save for Retirement?

 

When it comes to saving for retirement, knowing where to invest your dollars can be the hardest part. In this week’s Retirement Minute Scott Hanson provides a list of three places to consider saving to for retirement.

Learn more by reading our article:  4 Essential Facts about 401(k)s, IRAs & Pensions


Transcription

This is your Hanson McClain Retirement Minute, where we provide tips to help guide your retirement planning efforts.

When it comes to saving for retirement, knowing where to invest your dollars can sometimes be the hardest part. Here are three places to consider saving.

First, your employer’s retirement plan is probably one of the best places to save money because money is taken out of your paycheck before you have a chance to spend it. There are also some good tax benefits.

Second, a Roth IRA is another great option. Your contributions are made with after-tax dollars and you won’t pay taxes in the future.

Third, a tax-efficient mutual fund can be a great place to save once you’ve maxed out your employer’s retirement account and/or your Roth IRA.

For more tips and resources, visit hansonmcclain.com/tips and join us each week for Hanson McClain’s Retirement Minute.

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