Contributing towards a salary deferral or investing in an automatic plan is a great way to fund your retirement. You can make the maximum permitted contribution under your IRA to maximize your long-term investment portfolio.
3. Consider Investing Outside Your Existing Retirement Plan
Opening an IRA can give you the benefits of tax-deferred income. IRAs can be classified into two categories: Roth IRA and traditional IRA. You can consult an experienced financial advisor to find out which IRA suits your specific situation