THE NEW RULES OF RETIREMENT SAVING • 67
401(k) / IRA
Roth 401(k) / IRA
Savings Account
Money Market Fund
Meaningful growth Protection from bad markets Tax-free income Flexibility
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Low fees
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Unfortunately, none of them could achieve all her goals. But I had something else in mind. This is a very special part of the book, because I’m about to share with you one of the most exciting developments in retire- ment savings this century. Before we start, I want to tell you something important. I don’t know your individual situation. I want to share with you what I am doing for my own two daughters when it comes to their retire- ment savings, and what I’ve helped hundreds of people like you do for themselves. Only you can decide if this approach is valuable to you and your situation. You’re Looking in the Wrong Part of the Tax Code Have you ever wondered where the 401(k) got its name? It’s named after a section of the U.S. tax code. Section 401, sub- section k, enables individuals to save funds for retirement, with certain restrictions, tax-deferred.
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