Saving for retirement
By Frank
@Creditmaxed (71)
South Africa
March 29, 2007 4:40pm CST
Anyone saving for retirement? How do you do it, and how do you know what amount would be enough?
Are annuities normally the best thing or policies?
1 response
@cyclonewriter (2168)
• United States
29 Mar 07
The best way is to invest in your employer offered retirement program like a 401K. Put as much as you can and if the employer matches , put the max of what they will match. If you don't have one at work is to start an IRA with a reputable company that offers no load mutual funds. A good company is T Rowe Price. I would stay clear of annuities because they pay you such a small amount and if you die early, they keep your money and none goes to your heirs. To determine how much you need, go to www.money.com and they have a retirement calculator to figure out how much you need.
