Retirement Planning

Navigating the world of retirement planning can be a maze, especially when it comes to picking between Traditional and Roth 401(k) options. Here at Accardi Financial Group, we break it down for you.

When you’re young, you generally have time on your side.  That’s one of the many great things about youth. Most minor mistakes you make, and even a few major ones, can be solved (or at least diminished) by the passage of time.  

Have you thought much about your 401k lately? If not, that may be a good thing, especially given all the market volatility we’ve seen for the past four or five quarters. And as it turns out, one of the great features of the 401k is its design – you can set it up, forget about it, and let the markets do what they always do.  

It probably goes without saying that building a nest egg for your retirement is a good thing. In fact, you may have noticed that we at Accardi Financial Group are in the business of helping people to do exactly that. Having more money in retirement usually gives you more options, less stress, and maybe a better standard of living. 

Individual Retirement Accounts, or IRAs, are (as the name implies) savings vehicles for your retirement. Pretty simple. You contribute money to it over the years, allow it to grow and compound, and once you turn age 59½, you can begin taking penalty-free distributions if you so desire.  And that’s generally true for all IRAs, whether it’s a traditional or a Roth.