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2 Reasons I Don't Have a Roth IRA

TheMotleyFool

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2 Reasons I Don't Have a Roth IRAPhoto, wide shot, wide-angle lens, Coal mine, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/25526de2-54da-40ae-ba56-1e25dead3e81.png

Saving for retirement is a major goal of mine.

I know very well that the Social Security benefit I'm likely to collect won't be enough to provide for the retirement I want. And while I don't have extremely lofty goals -- I'm not planning to buy a yacht, though an RV is on my list -- I do want to land in a position where I can enjoy my senior years to the fullest.

It's for this reason that I contribute money regularly to my solo 401(k) which, thankfully, comes with higher annual contribution limits than a regular 401(k). I've also, in the past, put money into a SEP IRA.

Source Fool.com

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