It’s a rare newbie investor who has the financial wherewithal–and foresight–to hit the ground running on a retirement savings plan, making the maximum allowable IRA and 401(k) contributions at the same time she’s getting her career off the ground.

Instead, most investors tiptoe into retirement savings. They might start with token investments in their 401(k) plans (or get opted into them, if they’re not paying attention). Then, as their finances allow or if they’re dissatisfied with their 401(k)s, they “graduate” into other investment vehicles for their retirement nest eggs, such as IRAs and taxable accounts.

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Written By: Christine Benz

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