avatarBen Le Fort

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Abstract

Employer Doesn’t Offer a Retirement Plan</h1><p id="a117">If your employer does not offer any type of workplace retirement plan, then you are on your own. Without the luxury of an employer matching your retirement savings, you will have to stay disciplined to achieve as high of a savings rate as possible.</p><p id="1ad0"><b>Individual Retirement Accounts</b></p><p id="fcff">If you are self-funding your retirement you may consider opening an Individual Retirement Account (IRA). There are two forms of IRA a “traditional” IRA and a Roth IRA.</p><p id="a379"><b>A traditional IRA</b> is a pre-tax retirement account. Meaning any contributions into your IRA are tax deductible. The investments inside your IRA can grow tax-free and then any withdrawals are fully taxable.</p><p id="6524">A Roth IRA is a post-tax retirement account. Your contributions into your IRA are <b>not </b>tax deductible. However, not only can your investments grow tax-free while inside your Roth IRA, but if you meet certain conditions your withdrawals are tax-free as well.</p><h2 id="395f">Read The Full Story Here</h2><h1 id="10f0">Does My Pension Make Me A Better Investor

Options

?</h1><p id="474a" type="7">The research found that investors who participate in a workplace pension had between a 0.5%-1.25% higher annual return on their personal investments compared to investors who did not participate in a workplace pension.</p><h2 id="8704">Read The Full Story Here</h2><h1 id="b05d">This is the Simplest Investing Strategy you’ll ever Find</h1><p id="25de" type="7">If you have been spinning your wheels about how to invest your retirement savings the most important thing you can do is get off the sidelines and act.</p><p id="0a71" type="7">Vanguard has created an ETF that can act as your one stop shop for retirement savings. It’s called the “Balanced Index Fund” (VBINIX). The fund answers the “how do I invest my retirement savings” question for you by allocating 60% of your investment into stocks and 40% into bonds.</p><h2 id="d97d">Read The Full Story Here</h2><p id="26c3"><i>This article is for informational purposes only, it should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions</i></p></article></body>

Saving for Retirement Without a Pension

Photo by Sharon McCutcheon on Unsplash

Today’s Featured Stories on Making of a Millionaire

  1. What to do if Your Employer Doesn’t Offer a Retirement Plan
  2. Does My Pension Make Me A Better Investor?

3. This is the Simplest Investing Strategy you’ll ever Find

What to do if Your Employer Doesn’t Offer a Retirement Plan

If your employer does not offer any type of workplace retirement plan, then you are on your own. Without the luxury of an employer matching your retirement savings, you will have to stay disciplined to achieve as high of a savings rate as possible.

Individual Retirement Accounts

If you are self-funding your retirement you may consider opening an Individual Retirement Account (IRA). There are two forms of IRA a “traditional” IRA and a Roth IRA.

A traditional IRA is a pre-tax retirement account. Meaning any contributions into your IRA are tax deductible. The investments inside your IRA can grow tax-free and then any withdrawals are fully taxable.

A Roth IRA is a post-tax retirement account. Your contributions into your IRA are not tax deductible. However, not only can your investments grow tax-free while inside your Roth IRA, but if you meet certain conditions your withdrawals are tax-free as well.

Read The Full Story Here

Does My Pension Make Me A Better Investor?

The research found that investors who participate in a workplace pension had between a 0.5%-1.25% higher annual return on their personal investments compared to investors who did not participate in a workplace pension.

Read The Full Story Here

This is the Simplest Investing Strategy you’ll ever Find

If you have been spinning your wheels about how to invest your retirement savings the most important thing you can do is get off the sidelines and act.

Vanguard has created an ETF that can act as your one stop shop for retirement savings. It’s called the “Balanced Index Fund” (VBINIX). The fund answers the “how do I invest my retirement savings” question for you by allocating 60% of your investment into stocks and 40% into bonds.

Read The Full Story Here

This article is for informational purposes only, it should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions

Retirement
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