Tax-Deferred Retirement Accounts

Yesterday I briefly hit on the fact that the emergency Fed rate cut will do little to help those whose retirement income relies on cash investments, such as savings accounts and CDs.
Interestingly, though, the rate cut, and other moves to help build “confidence” in the market (like the bond insurer bailout) could help those with investment retirement account like 401(k)s and IRAs. Unfortunately, many people still don’t realize the importance of these tax-deferred retirement accounts. Country Insurance & Financial Services found the following about tax-deferred retirement accounts:
Americans’ admission to their lack of awareness is on target, as half of those …read more