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Roth IRA or Roth 401(k) for Frugal Investors

Use of a Roth IRA or Roth 401(k) is a simple, straightforward, and opportune use of your discretionary income to prepare for retirement.

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Roth IRA or Roth 401(k) for Frugal Investors

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  1. Roth IRA or Roth 401(k) for Frugal Investors

  2. Use of a Roth IRA or Roth 401(k) is a simple, straightforward, and opportune use of your discretionary income to prepare for retirement

  3. Preparing for retirement is a financial obligation that must be met with the same resolve as dealing with other financial obligations such as daily living expenses.

  4. The following are key reasons that using a Roth IRA or Roth 401(k) can help the most frugal investor get on the right track to a secure and prosperous retirement.

  5. Opening up a Roth IRA or Roth 401(k) you are only paying taxes upfront with the growth of investments inside these vehicles, including both interest and capital gains, being tax-free.

  6. If you can only contribute small amounts at a time, there are discount brokerage firms that have no minimum on amounts to be invested in Roth IRA or Roth 401(k) accounts.

  7. The brokerage firms that charge a fee keep that fee within an affordable range of $500 to $1,000

  8. For more details please contact us:www.finlit.com/taxes

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