At some point, many individuals will become serious about saving money and putting aside funds for retirement. This often, in turn, prompts the opening of various retirement savings accounts. At this point, Roth IRAs and 401Ks are some of the most popular options. However, these two accounts are not the same, by any means, and should not be treated as such. Some people are better suited for 401Ks …
As people gradually enter various stages of their later life, they may begin to consider the merits of retirement. While some individuals decide to keep working, others feel as though they have worked for long enough and are ready to retire. However, before one enters retirement, there are some very important things they need to do.
You have to weigh what is going to give you the best return for your financial future. If you have a great job, good benefits, and an excess in funds, perhaps investing some of that excess is right for you. However, if you work a traditional job and have very little left over after bills and other necessities--saving that extra might be the smarter choice. 60% of Canadians …