ANSWERS: 1
  • According to Charles Schwab, the best way to save for retirement is to contribute to an IRA as well as a 401k. Fund the 401k first. Then, if you can save more than what your employer will match and your gross income is $55,000 or less, your IRA contribution for 2009 would be fully tax-deductible.

    Source:

    Charles Schwab: Retirement planning

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