Whether you have a 401K at work or not, you can contribute to a Roth IRA each year as long as you meet the income limits. The Roth IRA is great because it allows you to contribute after tax dollars and allows those contributions to grow tax free. If you think your tax rate will be higher in retirement, this is a smart move.
DO THIS TODAY: Spend some time researching the Roth IRA and see if it’s a good fit for you at this point in your financial life. If you open an account, be sure to automate your contributions. Even a small about each month will make a big difference in the long haul.
