2. How to choose retirement account ?

Strongly Consider an IRA Account

If you are under the AGI (Adjusted Gross Income) limits for a Roth or traditional IRA, you should open one. There’s absolutely no reason why you shouldn’t be saving for retirement. IRAs are easy to get set up and contribute.

Fortunately there’s always brokerage promotions going on. To either transfer existing 401(k) accounts into them (i.e. when you change jobs), or open up an account with an initial deposit. So it always makes sense to take up on one of these IRA offers we update on our site.

If you are one of those lucky individuals (or unlucky depending upon how you see it) who make above the AGI limits for a Roth or Traditional IRA it does not excuse you from saving for retirement. Simply open a taxable account in the worst case situation, if you have no method to defer taxes.

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