While
you’re probably earning more today than
you were when you were just starting out, chances are
you’re also juggling greater financial responsibilities.
Perhaps you’re saving to purchase a larger house,
send your children to college, or are responsible for
the care of elderly relatives. So you may find it
a challenge to put aside much for your retirement.
The good news is that you don’t have to do it
all at once: By making regular contributions to a
tax-deferred
plan
and learning to make informed investment decisions,
you can make progress toward your long-term financial
goals, one step at a time.
These tax-deferred retirement savings plans let you create a stream of retirement income.
IN THE NEWS
401(k) automatic enrollment Automatic enrollment in 401(k) and other employer-sponsored plans is designed to encourage more workers to save for retirement.
New
401(k) inheritance rulesThe
Pension Protection Act may make it easier to leave
your 401(k) assets to a nonspouse beneficiary without
triggering a big tax bill.
401(k) investment advice Now, new laws provide protections to employers who arrange to offer certain kinds of 401(k) investment advice to their employees.
Using health savings accountsThe tax benefits of a high-deductible health plan combined with a health savings account may be attractive — if you can count on low healthcare expenses.
