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 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
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Insurance
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Cash
Management
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Retirement
Plan Election
The
Five Basic Steps in Retirement Planning
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Decide how
you want to live when you retire
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Estimate
how much income you will need during retirement
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Figure out
how much you need to accumulate to fund your retirement
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Take stock
of your progress in meeting your retirement needs
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Take action
to close the gap between the resources you now have and the
resources you will need to retire
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Copyright ©
2001 T. Dennis Connally,
Consultant, P.C., Certified Public
Accountant
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