Discover useful tips about retirement savings from Ameriprise. Young people should contribute to their retirement savings and start retirement planning early in their careers. Two common mistakes include failing to put enough money in your 401(k) plan and not taking advantage of the tax benefits of a Roth 401(k). Oftentimes putting some or all of your money in a Roth 401(k) is better than a traditional 401(k) alone. Your financial advisor or tax advisor can simplify your retirement savings by figuring out how much you should save, how to allocate your assets for retirement, and whether a Roth 401(k) makes sense for you.
This information is not intended as advice designed to meet the particular needs of an individual investor. Ameriprise Financial, its representatives and its affiliates do not provide tax or legal advice. Please seek the advice of professionals, as appropriate, regarding the evaluation of any specific information or advice. Ameriprise Financial cannot guarantee future financial results.
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