Even most Americans with $10,000 to invest couldn't answer these 3 money questions via CNBCMakeIt
There's a lot of confusion about how retirement savings accounts work, even among those who are more well-prepared for retirement.
As personal finance site NerdWallet points out, thanks to compound interest, setting aside an extra $500 a year — or about $42 a month — could mean up to $70,000 more in your retirement account. 2. True or false: You don't need to be in a certain tax bracket to qualify for contributing to a traditional IRASource: TD Ameritrade—click to enlarge
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