Wednesday, May 15, 2013

Retirement -It's Never too early to save


Saving for Retirement is a good thing. The sooner you start the better of you will be when you retire.
   
  • IRA is YOUR own invested money. While a 401 (K) is invested by where you work/ by your employer.
  • Social Security: : "A federal insurance program that provides benefits to retired persons, the unemployed, and the disabled." -Medicare-
  • In society today, Social security is a big issue because there is no money, the government is now taking the money of working people to pay social security for people who are retired.
  • Retirement relates to personal savings because if you save your own money and not just money invested by your work, the better of you will be when you retire. If you put aside your own money and the money invested by your work for retirement, you will find less of a struggle with money when it comes time to retire.
  • It is important to start looking at retirement funds now instead of later because if you look at an investment calculator the more you put towards retirement now, the quicker it adds up over however many years. If you start saving later it will be worth less.
  • Article Link: Next Big Issue? Social Security Pops Up Again.
  • Video Link: Are you on track for retirement?   
  • The road to retirement or the road to work? You need work to retire.          




            
     



Sources:
1. http://mannacapitalmanagement.com/financial-advisor-blog/wp-content/uploads/2013/03/ 
     saving-for-retirement.jpg. N.p., n.d. Web. 15 May 2013. 
 
2. http://a57.foxnews.com/global.fbnstatic.com/static/managed/img/660/371/retirement_road.jpg?ve=1
 N.p., n.d. Web. 15 May 2013. 
 
3. http://www.bankrate.com/brm/news/dollardiva/19990903c.asp
N.p., n.d. Web. 15 May 2013. 
 
4. http://www.google.com/  
#hl=en&gs_rn=12&gs_ri=psy-ab&cp=26&gs_id=h4&xhr=t&q=definition+of+social+security&es_nrs=true&pf=p&sa  
 fe=active&output=search&sclient=psy-ab&oq=definition+of+social+secur&gs_l=&pbx=1&bav=on.2,or.r_cp.r_q  
 f.&bvm=bv.46471029,d.aWM&fp=355101ce8d8dd2c3&biw=1006&bih=600. N.p., n.d. Web. 15 May 2013. 
 
5. http://www.nytimes.com/2010/03/23/us/politics/23fiscal.html?_r=0
N.p., n.d. Web. 15 May 2013. 
 
6. http://money.cnn.com/video/pf/2013/02/25/pf-ate-retirement-rules.cnnmoney/index.html
N.p., n.d.      Web. 15 May 2013. 
 
7. http://www.daveramsey.com/article/investing-calculator/lifeandmoney_investing/#/entry_form
N.p.,      n.d. Web. 15 May 2013.
 

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