NEW YORK ( TheStreet) -- In my previous two-part article (click here for Part 1, or Part 2), I detailed the importance of saving over the long term. While everyone's scenario is different, I assumed we had a 30-year-old single investor, saving for 30 years in a Roth IRA. You can read about the amazing results from the beginning.But contrary to its purpose, saving can actually be rather expensive. Between management fees, commissions and taxes, the amount of lost savings can be overwhelming. Luckily, we eliminated the main management fees by choosing a self-managed retirement account. Furthermore, we used a Roth retirement account, which allows for tax-free withdrawals starting at age 59-1/2.
The Cheapest Way of Retiring
Check Out Our Best Services for Investors
Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.