What to Look for When Opening an IRA

September 28, 2011

In response to the recent recession, employers are being forced to reduce or eliminate contributions to their employees’ retirement accounts.  This, combined with projected reductions in Social Security benefits, is causing some employees to look for ways to save more for retirement.  Most can accomplish this by increasing their contributions to their employer-sponsored retirement plan (e.g. 401(k)), but for those without such a plan, or are already contributing the maximum to the plan, they may need to start saving money in an individual retirement account, a.k.a. an IRA. Continue reading “What to Look for When Opening an IRA”