Retirement Basics
No matter what business you’re in, you know you have to take your retirement seriously. You may be putting 15{5af9436fde0806196c638439c577865b661ddabc465145658c6e89f88600979f} of your paycheck away to save for the days when you no longer have to work, but do you really know what that money is doing? If you only have one option chosen to invest your retirement in or don’t know what your future plan will be, check out these retirement basics.
Annuities
An annuity is a large investment that will have a guaranteed steady payout when you retire. You may choose to put money into fixed deferred annuities. These function like a saving account with a fixed interest rate. If you are closer to retirement age, though, an immediate annuity that lets you take payments soon after an account is opened may be the better choice.
401K Plans
Most people working in the private sector already have a …