Focusing only on your 401(k) or IRA? Why that may not be the best retirement move.
Maximize Your Retirement Savings: Expert Tips from Joseph Patrick Roop on 401(k) Contributions, Roth IRAs, and Diversification Strategies
Joseph Patrick Roop from Belmont Capital Advisors emphasizes the importance of taking full advantage of retirement savings opportunities. He advises that individuals should maximize their contributions to employer-sponsored retirement plans, such as 401(k)s, to capitalize on employer matching contributions. Roop also highlights the importance of diversifying retirement savings strategies, including using individual retirement accounts (IRAs) and considering after-tax options like Roth IRAs, to optimize long-term financial security. Additionally, he suggests seeking personalized advice from a financial planner to tailor retirement strategies based on individual goals and needs.
Read Full Article Here: https://www.usatoday.com/story/money/personalfinance/2024/09/11/how-to-maximize-retirement-savings/75159389007/
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