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Ramsey suggested investing 15% of your gross income in good mutual funds, something you can do through tax-advantaged retirement accounts like an IRA or 401(k). The reason for the 15% goal is simple.
Like Dave Ramsey, many financial consultants are extolling the virtues of Roth 401(k)s as a great investing option. No one wants to pay taxes, but paying them slowly (and up-front) will save you ...
Dave Ramsey approaches retirement planning with the same common sense attitude as the rest of this financial advice. Check Out: The New Retirement Problem Boomers Are Facing For You: 4 Unusual ...
Ramsey’s recommendation, which he shared on his website Ramsey Solutions, is to invest 15% of your gross income into your 401(k) and IRA every month. Check Out: 10 Ways for Retirees To Cut Back ...
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According to Ramsey, you should invest at least 15% of your gross income in growth stock mutual funds — something you can do through tax-advantaged retirement accounts like a Roth IRA or 401(k).