Everyone Should Be Saving for Retirement in a Taxable Account. Here's Why.

There's a reason individual retirement accounts (IRAs) and 401(k) plans are often touted as fantastic retirement savings tools. These accounts give you a huge tax break on your money.If you contribute to a traditional IRA or 401(k), your money goes in on a pre-tax basis. Your investment gains are also tax deferred, which means you don't pay taxes on gains until you actually take withdrawals from your account.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool