Individual Retirement Issues
 


Even though it may be decades away, it is not soon to plan for your retirement. Millions of people reach their supposedly "golden years" impoverished because they failed to plan. IRAs permit individuals to subtract a portion of their earnings from taxable income and to contribute these amounts to IRA accounts offered by banks, savings institutions, insurance companies, and mutual fund organizations.

Key Benefits

  •  Insurance

  •  Cash Management

  •  Retirement Plan Election

The Five Basic Steps in Retirement Planning
  • Decide how you want to live when you retire

  • Estimate how much income you will need during retirement

  • Figure out how much you need to accumulate to fund your retirement

  • Take stock of your progress in meeting your retirement needs

  • Take action to close the gap between the resources you now have and the resources you will need to retire

 

    Associated Links

 

T. Dennis Connally - 8483 Campbellton Street - Douglasville, Georgia 30134 - Phone:(770) 920-2890 - Fax: (770) 942-7180
Copyright 2011 - T. Dennis Connally, Consultant, PC, CPA
 

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