Chapter 8
Taking Your IRA to the Next Level
IN THIS CHAPTER
Using the tools on your IRA provider’s site
Understanding how much money you’re putting into your IRA
Digging into various IRA investment choices
Enhancing your portfolio by changing your contributions
Taking money out of your IRA
The IRA is the granddaddy of retirement planning. Although 401(k)s get a lot of attention, people count on IRAs for their retirement more than any other kind of account.
It’s easy to see why. The IRA has several advantages over other types of retirement savings. The fees can be very low, and the choices of investments are nearly unlimited. But above all, the draw of the IRA is control: You’re in charge.
When you have an IRA, you call the shots. You choose the financial companies you deal with. You choose the types of investments you put in the plan. And you can make changes anytime you want.
But this control requires responsibility. To select the best options, you must research investment products. ...
Get Retirement Planning For Dummies now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
