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| MONEY Changes Everything Meet Erlend | Buy Book |
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Saving for Retirement |
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| Having enough money to retire on seems like a huge, almost impossible, task when you start. Some union contracts and some companies provide retirement plans. They generally take a few dollars out of each paycheck and put them into a group retirement plan. The more common ones are 401-K plans, 403-B and 457 plans, IRAs and Simple IRAs. All contributions are tax deductible and the money in the accounts grows tax deferred, so these plans for saving for retirement have good tax benefits, too. Most of these qualified retirement plans have many investment choices: Ten to 20 different mutual funds is common. Bobby and Tina each joined their companys retirement plan and started saving for their retirement. They looked at all the choices offered and each chose five or six funds that had records of good growth 8% to 10%, even 12% a year on average. Based on that, they expected to be able to retire in comfort in another 30 years. That is the magic of compound interest, and it is shown several times in different ways in charts and tables in Petersons books. Money Changes Everything is $9.95. Shipping and handling is $5.00 for the first book and $1.00 for each additional book per order. Buy now |
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Peterson Money Books Book: MONEY Changes Everything, by Erlend Peterson, CFP Seven Simple Steps That Will Make Money Work For You! money changes everything | rich by choice | challenge of wealth terms of use | sitemap | home © 2006-2008 Erlend Peterson, CFP. All Rights Reserved. Site by ReaLife WebDesigns. |