Retirement Planning
There are various ways in which you can save for retirement. The most common method people know about is 401K. Some of the common options: 401K - Traditional 401K - Roth IRA - Traditional IRA - Roth Rental Income - Buying Investment Property Dividends - Investing in Shares with steady dividends HSA If you own a 401K or IRA account, you need to monitor the account and make sure that the money is invested properly as per your needs (based on your age and risk acceptance criteria). If you are not sure if you are investing right in your retirement account you may make use of third party services that take care of your account for a reasonable fee. One of the services is Bloom . You may try them free for a month and see if that makes sense for you. Traditional 401K/IRA uses pre-tax money (don't need to pay tax on the invested money, they grow tax free, but you pay taxes when you withdraw). Roth 401K/IRA uses post-tax money (need to pay tax before investing in Roth accoun...