If You're Not Saving in One of These Retirement Accounts, You Could Be Missing Out on Serious Money Down the Road

You need to save money for retirement so you're not reliant on Social Security later in life. There, I said it, and it's true.The average monthly Social Security benefit today for retired workers is $1,915.26. Can you live on that? Maybe. Can you live comfortably on that? Probably not. So it's best to have savings to supplement your Social Security income.When it comes to finding a home for your savings, you have choices. And you may be drawn to a traditional IRA because it could give you an immediate tax break on the money you put in. But a Roth IRA could be a much better bet -- one that sets you up for serious benefits once your retirement kicks off.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Zum vollständigen Artikel