A majority of Americans are not aware of the money that could be coming their way if they made an annual contribution to an Individual Retirement Account, says a recent survey by TIAA-CREF.
Only 22% of Americans are putting some money into an IRA, and most who do save are not investing enough to reap the full tax benefits. That lack of knowledge, particularly among those aged 18 to 34, means less money when retirement years roll around, says Dan Keady, TIAA-CREF’s director of financial planning.
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