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.
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