If you don't have a 401k option at work or haven't been on the job long enough to qualify don't worry you have options. You can contribute to an IRA a.k.a an individual retirement account and or a Roth IRA. There are income limits so check your individual qualifications. Most of us qualify and can contribute up to $5,000($6,000 if age 50+) per year. Depending on your household income contributions reduce your taxable income just like a 401k plan. The easiest way to get ahead is to open 401k and IRA accounts. Have a great day, Finwiz.
No comments:
Post a Comment