Reported 3 days ago
Retirement saving can be challenging, but President Anthony Saccaro of Providence Financial & Insurance Services shares effective strategies tailored for different age groups. For those 60 and above, he advises conservative investments focusing on interest and dividends due to market uncertainties. Individuals in their 40s should adopt dollar-cost averaging alongside Roth and traditional IRAs for a balanced tax strategy. Meanwhile, Saccaro encourages those in their 20s to start saving early, recommending dollar-cost averaging at 10% of income and emphasizing the benefits of Roth IRAs and homeownership.
Source: YAHOO