I am 22 years old. Finishing up my first year of working at starting salary. I contribute %20 of my salary to a TDA that gives a fixed rate of 7% interest.
Would it be beneficial for tax deduction purposes, or do you think the TDA I contribute to, along with pension when I retire are enough?
I am also interested in investing in individual stocks and index funds, so at the end of this I probably would only be able to contribute a couple thousand a year to an IRA. Thanks!