![](\"http:\/\/www.seonewswire.net\/wp-content\/plugins\/wp-o-matic\/cache\/746201b369_tumblr-inline-nxxno8P15o1raufei-540.jpg\")
<\/figure>\nMillennials
\ncan benefit from investing in a Roth IRA, to which you can contribute
\na maximum of $5,500 for the year 2014. Normally, the limit rises
\nevery two years to take into account the rate of inflation and the
\ngreater cost of living.\n<\/p>\n
Using It Millennials can benefit from investing in a Roth IRA, to which you can contribute a maximum of $5,500 for the year 2014. Normally, the limit rises every two years to take into account the rate of inflation and the greater…<\/span><\/p>\n
\na Roth IRA to save for retirement is advisable because the
\ncontributions grow at a rate that is not subject to tax. In addition,
\nwhen you begin to withdraw funds from your Roth IRA during your
\nretirement<\/a>, you will not be required to pay any taxes on the amount
\nwithdrawn. That is because you will have previously paid taxes on
\nyour contributions during the years when you were working. Another
\nreason to choose a Roth IRA is that you can withdraw the amounts you
\ncontributed without being penalized.\n<\/p>\n
\nis also recommended that Millennials contribute to a 401(k) plan or a
\n403(b) plan if you are employed by a tax-exempt organization. If your
\nemployer matches a portion of your contributions, you can (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"