There are several types of retirement accounts. Which account you should fund depends on your circumstances. However, here are some general guidelines you can follow to make your decision.
First, fund your 401k or 403b if you have a match. Select the Roth side if available. If not, fund the Traditional.
Many employers sponsor a contribution plan such as a 401k or a 403b. Some also offer a match program whereby the employer matches an employee’s contributions.
An example of this would be for the first 3% of the employee’s salary contributed, the employer matches the contribution and then …Read More