What are the benefits of contributing to a retirement account?
Contributing to a retirement account can provide tax advantages, help you save for the future, and often includes employer matching.
How much should I contribute each month?
A common recommendation is to aim for 15% of your income, but it can vary based on your financial goals and situation.
What types of retirement accounts are available?
There are several types, including 401(k)s, IRAs, Roth IRAs, and SEP IRAs, each with different rules and benefits.
Can I withdraw money from my retirement account early?
Yes, but early withdrawals may incur penalties and taxes, depending on the type of account and your age.
What happens to my retirement account if I change jobs?
You can typically roll over your 401(k) to a new employer's plan or to an IRA without penalties.
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