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The Importance of Retirement Funding

Wednesday, July 25 2007



One of the biggest money mistakes people make now is failure to set aside money for retirement funding. This is especially true of those in my generation (X or Y or something like that). It seems as though retirement is a long way away. Unfortunately, in my circumstance, retirement is less stable than ever before. Gone are the pensions. Social Security is no longer a sure bet. This means that most of us have to rely on ourselves to provide for retirement. And this means retirement planning.

If you haven't made retirement planning a priority, make it one now. There are many options available from IRAs to 401(k)s to special plans for the self-employed. Check with a financial planner, or even do your own research, and find a way determine what you need to do now so that you are secure in your future.



In addition, make sure to read these articles:

  • THE LOOMING PENSIONS CRISIS
  • HEADNOTE Countries worldwide are struggling to provide for the pension needs of their increasingly aging populations. Encouraging private provision is only part of the solution....
  • The efficacy of optimization modeling as a...
  • HEADNOTE Abstract We examine the time series performance of mean variance efficient portfolios in the retirement setting. Using a rolling period optimization model we create ......
  • Employer-Sponsored Retirement Plans Have Become...
  • To download high-resolution, print-ready JPEG images, click on the thumbnail image above. WARNING: these images are very large (800K+) Click here for caption Photo Editors/Business ......
  • TARGET: RETIREMENT
  • Whether you know it or not, the retirement plan your CU offers to your chief executive may not provide her with adequate monies to allow ......
  • Update: The Retirement Knowledge Gap
  • More than 60 percent of small business owners who answered a recent survey said they do not offer a retirement plan for their employees. But ......
  • BOOMING INTO RETIREMENT
  • SYRACUSE - Baby boomers will face unique challenges when they reach retirement. While their parents often could rely on defined-benefit plans, or pensions, and Social ......
  • Opening a Retirement Account Now
  • I´m still young, but one thing I have is a retirement account. Why? Because the younger you start, the better you do. But you ......
  • Retirement and saving.
  • The UK is regarded as having too low a level of savings, both to maintain the capital stock and to provide an adequate level of ......
  • Comparing Self-Employed Retirement Accounts
  • Dollars & Sense Education makes easy work of comparing self-employed retirement plans with this handy chart.
  • Contribution Plan May Pose Challenges to...
  • The plan provides greater benefits, but shift the responsibility of saving for retirement from employers to employees.
  • Bidding adieu: as retirement parties for baby...
  • Esther Riel fondly recalls her retirement party last year from privately owned Globe Manufacturing Co. of Pittsfield, N.H. Sitting in a new recliner, clutching flowers ......
  • Retirement Planning: Watch Out for 401(k) Fees
  • Chances are, if you work for someone else you probably have a 401(k). Another likelihood is that you haven't taken a good look at that ......
  • Sparton Corporation Announced the Retirement of...
  • JACKSON, Mich. -- Sparton Corporation (NYSE:SPA) announced the retirement of David W. Hockenbrocht, its Chief Executive Officer and President and his resignation as a Director, ......

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