Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Money Management and other Retirement Planning topics.
Some of the main areas where you can save for retirement, apart from 401k plans and IRAs include Savings Accounts, Mutual Funds, Certificates of Deposits, Money Market Accounts, and by saving taxes in retirement. Here are some tips to help you with your retirement savings. · Look for a Savings Account that offers compounding interest. · Save your Money in a Money Market Account (they have a higher interest rate then Savings Account) · Open a Certificate of Deposit (this offers a higher interest rate then both Savings Accounts and Money Market Accounts) · Open a Money Market Mutual Fund (this is different than a Money Market Account
|Sheri Ann Richerson|