W3Schools

Robert Powell: How to pick the right way to save for retirement

Saving for retirement used to be somewhat simple and straightforward. In the workplace, you saved using a traditional 401(k). Then things got it a little more complicated.

In addition to a traditional 401(k), you could save using a Roth 401(k). And then things got even more complicated.

In addition to a traditional 401(k) and a Roth 401(k), you could save just for health-care expenses in retirement using a health savings account (HSA).

So, what should those saving for retirement, and especially Generations X and Generation Y (the millennials), do if they have all three types of accounts available to them in the workplace?

>>> Original Source <<<

Comentários