| To begin your retirement investor portfolio, the | | | | to be set aside as a retirement investment. The |
| beginner investor asks the following question: | | | | funds and the growth on those funds are not |
| "How much do I need to have in my portfolio to | | | | taxed until your withdraw the funds at retirement. |
| comfortably retire?" It is not easy to come up | | | | Most employers will match your contributions or |
| with this future dollar amount! There are many | | | | match a percent of your contributions each year. |
| factors that influence the answer: age at | | | | There are restrictions that apply to when and |
| retirement, your present income, your retirement | | | | how you can withdraw from your 401k without |
| lifestyle, and how aggressively you wish to build | | | | suffering penalties. You do the management of |
| your retirement investor portfolio. | | | | this type of fund. |
| Planning your retirement investor portfolio is one | | | | IRA |
| of the most important financial decisions you will | | | | This plan allows an annual contribution of 100% of |
| make in your lifetime. It is easy to get caught up | | | | earned income but only to a specified maximum |
| in the financial needs of the present and put off | | | | amount. Traditional IRA's may be deducted from |
| thinking about how you will manage financially | | | | income tax, depending on your income and any |
| once you hit retirement age. Most of us cannot | | | | coverage that your employer has sponsored if |
| afford to rely on any one entity or company | | | | any. Depending on the type of IRA you have |
| benefit to shield us from the financial expectations | | | | selected the earnings may be tax-differed or |
| and obligations of retirement; we must grab the | | | | even tax-free. You have to investigate each type |
| retirement bull by the horns and make sure that | | | | of IRA to determine the tax and income benefit |
| we will be financially prepared and comfortable on | | | | of each before selecting what type fits your |
| that first day of our retirement. | | | | portfolio best. |
| The Basic Types of Retirement Plans | | | | As always there are professionals in the |
| There are different types of ways to save up | | | | Investment field that can help and guide you |
| for your retirement they include employer | | | | through the multiple choices available to you. You |
| offered plans, government retirement plans and | | | | should take advantage of this help always |
| individually sponsored retirement plans. They all | | | | remembering that what you do today will |
| have excellent retirement investor incentives. | | | | definitely have an impact on your lifestyle at |
| Two plans you may run across as a beginner in | | | | retirement. Starting as early as possible is the key |
| retirement investing are the 401k and the IRA. | | | | along with systematic savings. If you tithe to your |
| 401k | | | | church then by all means tithe for your future and |
| This is a voluntary retirement plan that is often | | | | that of your family. A comfortable old age is your |
| offered by employers to their employees. This | | | | goal. As worry free as possible. |
| plan allows for a set amount of your pretax pay | | | | |