Retirement Planning

Contributing to an IRA is important for a better retirement. Starting early and making maximum contributions can help your nest egg grow through tax deferral and compound interest. Opening an IRA annuity with just $50 is possible, but contributing the maximum of $2,000 will yield more tax-deferred growth. In the next 15 minutes, you will learn the four steps towards creating a better retirement. An IRA will be a key player in almost any retirement plan. Here are some steps you can take now to make your IRA work harder for you and help secure a more comfortable retirement. The earlier you start contributing to a tax-deferred IRA annuity, the larger your nest egg can grow. Over time, the combination of tax deferral and compound interest can be dramatic. Although you can open an IRA annuity with as little as $50, making the maximum contribution of $2,000 means you will have more money growing tax-deferred.