Sunday, May 22, 2011

Retirement

IRA:
  • private investment fund
  • your own money
  • anyone can get one
 401(K):
  • offered of your place of work
  • involves your constributions
  • must work for a certain period at the company to get it
  • contributions of employee

 What is Social Security?
  • supplemental retirement system
  • funded out of payroll taxes

Obama fights Privatization of Social Security


How does retirement relate to personal savings? 
  • more money after retirement
  • more benefits
  • more possibilites
  • not tied up in debt

Investment calculator


See what Investment could do

YearStart withAdd 10%
0$100$10
1$110$11
2$121$12.10
3$133.10$13.31
4$146.41$14.64
5$161.05$16.11
6$177.16$17.72
7$194.88$19.49
8$214.37

Saving Social Security



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