401k

401k One of the most overlooked parts of growing older would be planning for the future, including retirement. Younger people take this situation lightly as it seems so far off into the future for them, thus it is an area that is subject to procrastination. I myself have had two jobs at different guitar shops, where I paid into their respective retirement plans. However, to date I have no clue what happened to my contributed funds, as I no longer have employment with those companies. People are expected to have longer life expectancies now more than ever before, this is another reason why young adults and teenagers are not worried about saving for their retirement. The seventy-seven million people that were born between 1943 and 1960, also known as the baby boomer generation face an entirely different situation all together. As they age and began to retire, these people are starting to think that there will be no money left for them and this will turn into a huge crisis of overwhelming proportion. What will happen when the seventy-seven million baby boomers start to want or need the money they paid in throughout their long and hard working careers plan, plans, 401k, retirement, employer, employee, security, benefit, age, social, people, contributions, money, new, employees, defined, db, contribution, employers, amount, year, tax, subject, now, make, income, company, until, time, salary, retire, program, made, investment, deferred