If your employer doesn’t offer a retirement plan, an IRA can help you save for retirement. There are many different types of IRAs but depending on your employment and financial situation, only certain ones will be available to you.
My Back Office has a cheat sheet for four common IRAs: Roth, Traditional, Simple, and SEP. Check it out here (or by clicking the image above) to learn more about each IRA, including the max contribution limits for 2013.
With the rising cost of living, debt, and other bills, saving for retirement might not be a financial priority. However, you don’t need to save much to make a difference in your retirement: just $25 a week can make a difference. Of course, the more you can save, the better.
If you’re unsure about IRAs or retirement planning in general, contact us or leave a message below and let us know what your questions are.