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Savings for Retirement

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You would like to begin (or increase) your savings for retirement. What types of retirement plans (401ks, IRAs, etc.) might be best for your personal situation? Be sure to explain the plan you are interested in and why this is best for you.

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The solution does a great job of explaining the question being being asked. The answer is brief and concise and is very easy to understand for anyone looking for a basic understanding of this topic. Overall, an excellent response to the question being asked.

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I am still a young person (in my 20s). Thus, I would like to increase my contribution in my 401K. My company also matches up to 4% of my contribution. Thus, it is more like free money ...

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