Social Security is only intended to replace about 40 percent of the average retiree’s work earnings, so you’ll need to build income sources beyond your benefits. Think about ways you can drum up more money, such as getting a part-time job, selling some of your things or downsizing to a smaller home. This is an employer-sponsored account that’s funded with after-tax dollars. Like the Roth IRA, contributions are not tax deductible, but you also won’t get hit with a tax bill when it comes time to withdraw. Like a traditional 401(k), both employees and employers can contribute, but there are limits. However, retirement… Read More