The truth is, it’s never too early to start thinking about retirement and rarely too late to do something to prepare for it. From the first dollar you earn, you can put away money for retirement in special accounts that defer or eliminate any tax on your earnings. The earlier you start, the more time your money has a chance to grow.
Retirement planning is a long-term strategy, but there a lot of things you can do along the way, even as retirement approaches. Knowing which retirement plans and accounts are available to you, how to maximize your contributions, and how to create a stream of income when you do retire are things worth learning about and acting upon to give you the financial freedom to live as you’d like to and do the things you’ve always planned.
Featured Articles for Retirement:
- A Realistic Retirement Plan
To live comfortably after you retire, you have to be realistic about how much you’ll need to pay the bills.
- Converting to a Roth IRA
New conversion rules may make you a believer in these tax-free retirement accounts.
- Early Retirement
Retirements aren’t only lasting longer. They’re starting earlier.
- Immediate vs. Deferred Annuities
The difference is all in the timing: income now or income later.
Suggested Books for Retirement:
Investing for Retirement