Posts Tagged ‘savings’

Retirement Crisis: Impoverished Seniors on the Horizon

The Employee Benefit Research Institute (EBRI) has published its annual Retirement Confidence Survey that confirms what virtually all such surveys have concluded: 1) that Americans are living longer; and 2) that they do not have anywhere near enough saved for retirement. The truth is that Americans do almost no thinking about what kind of retirement they want. They mistakenly assume that Social Security is a retirement program, when in fact it is a supplemental retirement program. The three legs of the retirement "stool"—Social Security, a pension, and private savings—have all seen some shrinkage in the past few years. For Social…

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Ways to Save For Retirement

ING has some key features make your plan one of the best ways to save for your retirement: You’re in control of your savings potential. You can save automatically. You simply specify how much to save. The amount will be automatically deducted from your paycheck and deposited to your plan account—before you ever see the funds in your paycheck. Plus, your plan offers a variety of investment options managed by experienced professionals. Your contributions reduce your current taxes. Because your contributions are made with pre-tax money, you reduce your overall taxable income, which adds up to considerable savings. Put the…

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