Rev Up Your Retirement Savings This Year
With the stock market under performing in recent years and interest rates at historic lows, many investors have seen their retirement nest eggs dwindle. That’s why it’s important to make retirement savings a priority.
Many employers offer their employees a Roth 401(k), which combines the tax-free withdrawal aspect of a Roth and the higher contribution level of a 401(k). More than 14 million American households have opened Roth IRAs since they were first offered in 1998. Tax-free and no mandatory withdrawals helped feed interest in these retirement savings accounts.