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The Power of Tax-Deferred Savings

 

Editor's note: As a special feature for April, TheStreet.com is offering a seven-part series on maximizing your IRA. This installment is Part 1. Click here for Part 2, Part 3, Part 4, Part 5, Part 6 and Part 7.

Americans are terrible savers, and most people approaching retirement age don't have enough assets to maintain a comfortable lifestyle once they leave the workforce.

Add to this the potential looming problems with Social Security and Medicare and you can see that any attempt to save for retirement is probably a good thing. ...

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