3. Invest for the long term. - Deepstash
3. Invest for the long term.

3. Invest for the long term.

Saving for retirement should be another top priority. When investing long-term, you’ll want to consider putting your money in something other than a standard savings account that has tax benefits. The most popular accounts that can allow your money to grow tax-free until you are older (hint: age of withdrawal without penalty is 59.5) are 401(k)s and Individual Retirement Accounts (IRAs). You may want to get financial tips and guidance from a professional advisor.

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rishi_ram

I am an intro-extrovert. Love to read books, listening music, thinking of new ideas. I admire the trendy technology.

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Persuasive storytelling

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Tax-advantaged accounts can help

You can take advantage of the tax-sheltered retirement accounts like 401(k)s and IRAs.

  • If you qualify for a Roth IRA, use it. The Roth IRA will come back to you tax-free when you're older.
  • If you contribute to a 401(k) account, at least 5 percent will be matched from your e...

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