Tips to Boost Your Retirement Fund
                     Nela Buys Homes
Property Investment Firm
https://www.nelabuyshomes.com/
TIPS TO BOOST YOUR RETIREMENT 
FUND 
You work your entire life from a 9 to 5 
job to save enough to buy a house and 
live peacefully after the age of 60. The 
retirement fund is one way to ensure 
that by the age of 50, when you will be 
sitting at home, you won’t need to 
worry about installments or depending 
on your children for your monthly 
expenses. But how can you boost your 
retirement fund that is the main 
question? In this article, we will 
discuss some very important tips that 
can help you boost your retirement 
fund if you are a homeowner in Los 
Angeles. So, let’s begin: 
TIPS TO BOOST YOUR RETIREMENT 
FUND 
These tips include both the actions 
you should take before getting retired 
so you will get the most funds you will 
need and after retirement that you 
should not be dependent on anyone 
and live comfortably. 
The first tip is before retirement. 
ANALYZE YOUR 401K AND ROTH IRA 
401K and Roth IRA are the laws 
implemented by the Labor Law of the 
USA. An employee should take full 
advantage of these perks so they can 
get more funds when they retire. 
A 401(k) plan is a tax-advantaged, 
defined-contribution retirement 
account offered by many 
employers to their employees. It is 
named after a section of the U.S. 
Internal Revenue Code. Workers can 
make contributions to their 401(k) 
accounts through automatic payroll 
withholding, and their employers can 
match some or all of those 
contributions. The investment earnings 
in a traditional 401(k) plan are not 
taxed until the employee withdraws 
that money, typically after retirement. 
In a Roth 401(k) plan, withdrawals can 
be tax-free.
ANALYZE YOUR 401K AND ROTH IRA 
Ask yourself, are you really taking full advantage of your 
401k employer plan? The best possible way is to get a 
100% benefit from your 401K plan. In the USA, especially 
Los Angeles, most companies offer 50% contributions, 
and some contribute to a certain amount. But luckily, if 
you are one of those people who are fortunate to be 
employed by the companies who contributed 100%, then 
don’t hesitate to take up this offer. The good thing is you 
don’t have to pay taxes on this money as it is taking out 
of your pay before applying taxes. 
ANALYZE YOUR 401K AND ROTH IRA 
On the other hand Roth IRA is: 
“A Roth IRA is an individual retirement account (IRA) that 
allows qualified withdrawals on a tax-free basis provided 
certain conditions are satisfied. Established in 1997, it 
was named after William Roth, a former Delaware 
Senator. Roth IRAs are similar to traditional IRAs with 
biggest distinction between the two being how they’re 
taxed. Roth IRAs are funded with after-tax dollars; the 
contributions are not tax-deductible. But once you start 
withdrawing funds, the money is tax-free. Conversely, 
traditional IRA deposits are generally made with pretax 
dollars; you usually get a tax deduction on your 
contribution and pay income tax when you withdraw the 
money from the account during retirement.” [Definition 
by Investopedia] 
It is another advantage which you can take during your 
employment. Although the money will be taxed but not 
after retirement when it will matter the most, do 
remember that as much contribution you will make to 
your Roth IRA account, the quicker it will boost your 
retirement funds. 
ANALYZE YOUR 401K AND ROTH IRA 
On the other hand Roth IRA is: 
“A Roth IRA is an individual retirement account (IRA) that 
allows qualified withdrawals on a tax-free basis provided 
certain conditions are satisfied. Established in 1997, it 
was named after William Roth, a former Delaware 
Senator. Roth IRAs are similar to traditional IRAs with 
biggest distinction between the two being how they’re 
taxed. Roth IRAs are funded with after-tax dollars; the 
contributions are not tax-deductible. But once you start 
withdrawing funds, the money is tax-free. Conversely, 
traditional IRA deposits are generally made with pretax 
dollars; you usually get a tax deduction on your 
contribution and pay income tax when you withdraw the 
money from the account during retirement.” [Definition 
by Investopedia] 
It is another advantage which you can take during your 
employment. Although the money will be taxed but not 
after retirement when it will matter the most, do 
remember that as much contribution you will make to 
your Roth IRA account, the quicker it will boost your 
retirement funds. 
STASH EXTRA 
FUNDS 
Extra Money? Do you believe in spending or saving? If 
you want your retired life to be peaceful, then start saving 
rather spending. One of the best tips to boost your 
retirement fund is by making the best of your extra funds 
and investing it for the long term. If you get a bonus, extra 
salary, freelance job, or paid for overtime, use that fund to 
invest in retirement plans or stash the cash rather 
spending on luxuries. This cash will be repaid to you 
when you need it the most. 
       Nela Buys Homes
Address: 5532 N Figueroa Street, #200 Los 
Angeles, California 90042 
Website:  
https://www.nelabuyshomes.com/