Individual Investment Accounts

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Investment Strategies and other Investing topics.

How can I continue to invest for retirement after I've maxed out my 401(k)?

Individual Investment Accounts

To help reach your retirement investment goals more quickly, you can choose to open individual investment accounts. Even if you've already maxed out your contributions to a 401(k) through your company, you can continue to invest for retirement through an Individual Retirement Account (IRA). You can open an IRA for yourself and another one for your spouse. To open an IRA, visit a financial planner or sign up with an online discount broker.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Investing Tip Site? Request a Tip Now!


Guru Spotlight
Jennifer Mathes, Ph.D.