Start a Retirement Fund Now!
Start a Retirement Fund Now!
Start a retirement fund. If you work for a corporation that has one, use the 401(k) plan. If employed by a firm with no pension plan, open an Individual Retirement Account. As a rule, both the contributions to these plans and the earnings are untaxed until you withdraw the money, so tax savings help pay the cost. If you leave your job, you can take 401(k) savings with you. Do not fail to use these plans! They’re the best route to independence in old age.
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Content © Rich Brott, 2011
