What should I know before I begin an IRA and start saving for retirement funds?

What should I know before I begin an IRA and start saving for retirement funds?
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1 Answer

Answer :

Make sure you are able to live without this money for the long term. It is intended for retirement only and if you have to take it out before retirement you will pay a heavy penalty. Also if you leave jobs resist the temptation to cash out. Roll it over so you can continue to receive the benefits. You should be aware of the tax implications of the IRA and what the maximum investment for your age group is.
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