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Financial Tip Of The Day

Take Advantage Of Retirement Accounts.

When you start that new job, be sure to contribute at least enough to your retirement account to get any matching contributions your employer is providing you. Otherwise, you’re leaving free money on the table. A Roth IRA can also be a good place to save for retirement while keeping the money available for emergencies. That’s because the sum of your contributions can be withdrawn tax and penalty-free at any time for any purpose while the earnings can be withdrawn tax-free after 5 years and age 59 1/2.