Ramsey Solutions financial expert George Kamel weighs in on Americans working past retirement age and provides advice for investors.
Socking away money for retirement is something that’s top of mind for many people.
Many Americans save money for their “Golden Years” through workplace retirement plans and individual accounts they set up, with traditional and Roth IRAs being frequently-used vehicles in the latter category.
Experts recommend you utilize a Roth or Traditional IRA in order to save and grow your retirement package. (iStock / iStock)
Roth IRAs
Holders of Roth IRAs are able to make after-tax contributions to their accounts.
“Why a lot of people like a Roth IRA today is that you pay income taxes today before you put the money into the Roth IRA,” Ted Jenkin, a personal finance expert and partner at Exit Wealth, told FOX Business. “The money grows tax-deferred while…
