The answer to this question is both! People do not save for retirement because they would like to spend their money today. Only problem is, should you ever need to not do the job someday and enjoy bright beaches and margaritas all day then saving some excess money now for retirement later is a worthwhile idea. At that, you do not have save a ton to retire in a solid financial position. I would certainly establish a Roth IRA and contribute to it as possible. At exactly the exact same time, I’d also have a regular brokerage account. A broker account is the sort of account which permits you to buy and sell stocks in. For the very reason why I began this chapter with: So you can get the money now! I have a Roth and I really like watching it grow. But I hate that I can not get that money for what seems like a bazillion years! I will probably be so wrinkly, saggy, and baggy by then instead of sipping margaritas I will be requesting some young punk to roll me down the hallway in a retirement center. I would like to enjoy my cash now. I wish to take my wins on the sector and celebrate them by purchasing something (more on this in chapter 24). So, have . A TRICK TO GROW YOUR ROTH IRA It is a fantastic idea to purchase as many dividend paying stocks as you can on your Roth as this will definitely increase your retirement wealth more over time than if you only pick stocks that don’t pay a dividend. This is simply worth looking into. I would consider holding stocks on your Roth for the long term rather than trying to purchase and sell numerous times in it. This is because it is your retirement and nobody can afford the very same dangers in a Roth as they could in a brokerage account. EMPLOYER’S RETIREMENT PLAN when you’ve got a 401k through your company be super grateful. If your organization provides any sort of match, be even more grateful. 1 thing I’d ask your employer is whether you’re able to move your 401k to a Roth 401k and start saving for retirement with tax-free cash that’s the benefit a Roth has more than a 401k. Secondly, take complete advantage of that game if you’re able to. There were times in my career thus far when I could cross out the game and other times when we had the money and we can only do about half of the game. In any event, that game is a massive blessing and should be taken advantage of. For those who don’t have any clue what I am talking about with respect to 401k and your game, go talk to your employer and inquire why the hell they do not offer one! A WORD ON INTERNATIONAL BROKERS To find an internet agent in your country or place I’d suggest researching on the internet to find which companies service online investing. If you reside in a country where there is currently no online brokerage companies, some U.S. companies do work with global customers and you can open an account with them. Do note, however, these companies may need a greater amount to be deposited to be able to start an account with them. Contribute to the Roth through your company’s retirement plan. ACTION STEP: Ask your employer about their retirement plan and that you can talk to about moving your 401k into a Roth. Moreover, if your employer does not let you do so, then consider opening a Roth with the company that your brokerage account is with.