I do not have a 401(k). What should I do?
If you don’t have a 401(k) at work, the burden falls on you to finance your own retirement savings – most commonly using an IRA. While the contribution limits can be lower for an IRA than they are for a 401(k) (or most other employer-sponsored plans), you’re still able to deposit these funds pre-tax and defer taxation until you make a withdrawal. The downside here is that there are no employer-match contributions going into the account, so your growth is not as easy to multiply. Depending on your tax situation, certain types of IRAs (such as a SIMPLE or a SEP) may be the more beneficial option. 

Click the video below to see why most 401(k) accounts grow so well!

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