3 Ways to Make the Most of Your IRA

While you can generally count on Social Security to provide you with a decent chunk of retirement income, those benefits alone won't pay enough to sustain you throughout your senior years. Rather, you'll need an additional income source to help ensure that you have enough money to not only cover your living expenses, but, ideally, enjoy this exciting period of life.

That's where personal retirement savings come in. If you make a point to set aside funds independently for your senior years, you may find that come retirement, you're actually in a pretty good place, financially speaking. And while there are different retirement savings plans you can choose from, many people opt to house their money in an individual retirement account, or IRA.

If you have an IRA, or are planning to open one soon, it's important that you make the most of it. Here's how.

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Source Fool.com