do you invest for your retirement or for additional securtity and income?

@sharone74 (4839)
United States
January 30, 2007 7:35am CST
Do you sock away a little money here and there toward your retirement? Do you have a 401k or a 403b. Retirement funds in CD's or market rate accounts. Do you have a retirement plan for whatever needs you may have beyond what the government provides or are you prepared to live on Social security?
1 person likes this
3 responses
@missyd79 (3438)
• United States
31 Jan 07
i have a 401k plan at my job where i put 6% of my paycheck into it and my employer matches 3% of that. I also have a pension plan to with my employer. I am trying to prepare to live without society security because i am not sure it will still be around when i retire at the age of 67. (i got 40 more years to go)
@sharone74 (4839)
• United States
31 Jan 07
I have been self employed and independantly contracted for most of my adult life (since age 14) so I have shirked my paying into my social security for the most part. Which if it's not there at age 67 (35 more years to go!) I will have been among the wiser of the bunch. I doubt that I will live old enough to retire. But hell I never planned to make it to this old 32 so who the heck knows?
@cabergren (1182)
• United States
30 Jan 07
Definitely save for the retirement. I believe when I retire there will be no more social security to pay me. So I have a couple of 401k and some CDs. Hopefully when I get older it will be enough.
@sharone74 (4839)
• United States
31 Jan 07
It depends upon how frugal and thrifty you are now and when you intend to be put out to pasture.
@crosa125 (1484)
30 Jan 07
what it is, i buy house, flats or even shop on mortgage then i rent them out,the rent pays for the mortgage,thats the best retirement income for me how ever i pay for it through my N.I.N and tax too
@sharone74 (4839)
• United States
31 Jan 07
Yes this is a great course to take for saving for retirement because except at the mouth of an active volcano the one thing God isn't making more of is land and property. Smart move!