Where to Put the 10% You've Committed to Save
Updated: Feb 4, 2021
You’ve decided to save for the future. You’ve committed to save at least 10% (or you’re working your way toward that). Now, you have to figure out what to do with that money so that it’s working for YOU!
If your company offers a retirement account, start there. If you’re self-employed, you may want to consider a SEP IRA or Solo 401(k).
Traditional and Roth IRAs are good options as well.
We break it down for you in this handy chart with key advantages, annual contribution limits, and information about withdrawals. You’ve got this!