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Should You Be Stashing Retirement Savings in a Bank Account?

Should You Be Stashing Retirement Savings in a Bank Account?

Where you put your retirement savings has a significant effect upon how fast your savings grow and when you can afford to retire. You've probably heard of IRAs and 401(k)s, maybe even the less common 403(b)s or self-employed retirement accounts, but what about a bank account? There are pros and cons to stashing your retirement savings in a bank account.