Keep these tips in mind when you’re planning a home office:
- Be sure it’s ergonomically correct
- Find the optimal location
- Consider used office furniture
- Incorporate lighting, plants and sound
Have you ever wondered why financial planners say employer-sponsored plans and Individual Retirement Accounts (IRAs) — such as Discover’s IRA Certificates of Deposit (CDs) — should be the first priority for people saving for retirement? Let’s look at the key reasons why:
Individual Retirement Accounts are also on top of any planner’s priority list. Like employer-sponsored plans, Traditional IRAs allow account earnings to compound on a tax-deferred basis.
You may also consider supplementing your tax-deferred retirement assets with additional non-tax-deferred savings accounts. With that in mind, consider the benefits of a Discover Money Market Account, which gives you the best of both worlds: high yields with flexible access to your savings2. After all, the more you set aside today, the better your financial future is likely to be.
In addition to offering IRA CDs and Money Market Accounts, Discover also offers an Online Savings Account to help you with your short-term savings goals and a full range of CDs to help you save for the future. It is easy to open an account online or call our 24-hour U.S.-based Customer Service at 1-800-347-7000.
The article and information provided herein are for informational purposes only and are not intended as a substitute for professional advice.
1 Withdrawals are subject to ordinary income tax. Withdrawals made prior to age 59½ may be subject to a 10% federal penalty.
2 Federal law limits certain types of withdrawals and transfers from savings and money market accounts to a combined total of 6 per calendar month per account. There are no limits on ATM withdrawals or official checks mailed to you. To get an account with an unlimited number of transactions, consider opening a Discover Cashback Debit account. If you go over these limitations on more than an occasional basis, your account may be closed. See Section 11 of the Deposit Account Agreement for more details.
It all depends on your financial goals and how you plan to manage your money.
Need to get your retirement savings back on track? Start with these 10 retirement savings tips.
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