20 Amazing Things Retirees Should Do With Their Money

Contribute to a Roth IRA

One clever option for saving in retirement is to contribute to a Roth IRA. The traditional “downside” of a Roth IRA is that you don’t get a tax deduction on your contributions. However, as a retiree, you’re likely in a lower tax bracket than when you were working; thus, getting a tax deduction on your contributions is not as important. Plus, with a Roth IRA, there is no age limit on contributions, unlike with a traditional IRA.