I agree with all the options in this article, however there are some people and business owners that would like to put away more money than is allowed by our system but have no idea where or how to do that.
All the locations in this article are correct but there are programs where you can put away unlimited amounts of money for retirement and you can rest easy because your money is safe and secure. For more information visit: www.HowToGrowYourMoney.com.
Walter Hortonof CA9:55PM November 13, 2010
Participants who want a "litmus test" on how well they are doing in accumulating 401(k) and IRA assets should find out their Pudding Score (I'm serious) at www.puddingindex.com
If you get a score of 100 or more and contribute 9% of pay in future years (employer plus employee), then you may be on your way to accumulating a retirement account at age 65 that is 7.1 times your final pay. Some people say you need more at that age, in which case they would shoot for a score above 100. You only have to enter 4 pieces of information to get your Score.
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Walter Horton of CA 9:55PM November 13, 2010
Bill Glasco of MO 9:38AM November 10, 2010