Erin Lowry, personal finance blogger at BrokeMillennial.com, shares her tips on how to approach retirement savings in your 20s.
It's easy to delay saving for retirement when you have more pressing concerns today. But the best thing you can do with your money? Give it time to grow. Talk to your local banker to see how they can help with your short- and long-term savings goals.
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As the beneficiary of an inherited IRA, you have a decision to make about how and when you will begin to take distributions. Some factors that impact your options will be beyond your control. Others, however, will help determine an optimal distribution strategy.