Avoiding the Retirement Bust Essay -- Expository Classification Essays

Avoiding the Retirement Bust A fresh Gallup poll indicates that nearly 75 percent of 30-to-49 year olds worry close to not having enough money to live a comfortable retirement. In addition, 60 percent of those polled say they dont earn enough money to continue for retirement. What do these recent polls suggest about many of the mollycoddle boomers financial concerns? Fortunately, for those individuals who are inclined to take charge of their own destinies, several(prenominal) types of tax-deferred retirement nest egg exist. The government introduces these various retirement redemptives options to accept the specific needs of three distinct groups of income earners the self-employed, employees of businesses offering retirement savings incentive plans and just about anyone else who has earned income and is interested in saving for the future. The first type of option is known as any a Keogh or a Simplified Employee Pension (SEP) plan. These retirement savings plan s were created for individuals who either have self-employment income or are partners in their own business. In bo...