Tax Advantaged Accounts

If you're like just about any mom out there, you have some form of medical expenses.  Sally is going to need new glasses this year.  Johnny will definitely need some braces on those teeth.  You have to take this medication that is simply not covered in your medical insurance, and guess where the money for that comes from: you got it, your purse!  Also, just like anybody else out there, you'd love to cut expenses, and maybe even save a little money to boot. 

Melinda takes a look at the different kinds of retirement accounts and the differences between them. Whether it's a 401(k), a Roth IRA, or one of the many other retirement accounts, there's probably an option that applies to your situation. Generally speaking they all have significant tax advantages over regular investments, so let's dig in and see which ones make sense for you.