3 Reasons the Roth IRA Is a Perfect Complement to Social Security
Everyone wants a big Social Security check in retirement, but it's not easy to live off your benefits alone. Most people need a nest egg to help them cover their expenses. There are a lot of places you can keep yours, but a Roth IRA is one of the best. Here are three reasons you should make one a part of your retirement plan.
Social Security was only designed to cover about 40% of pre-retirement income for the average worker, which means you'll probably have to cover most of your retirement costs on your own. It's not unreasonable to think you could need a seven-figure nest egg, especially if you live long. Saving that much isn't an easy task, but a Roth IRA can speed it up.
Image source: Getty Images.
Source Fool.com
