Setting up any kind of retirement savings account is better than having no retirement account. But some retirement accounts are better than others. The key is maximizing tax benefits while accumulating your savings. That's important because it will help your personal nest egg grow faster, giving you more money to supplement your pension and Social Security checks after you stop working. The quandary for a lot of people is how to save for both retirement and their children's education.
Some people suspend retirement savings when the kids are in college.
After that, they have more cash and can be more generous with retirement savings. The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. I N K Get online access to annual reports and mutual fund prospectuses .