Tips offered for savings, various plans and options

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Tips offered for savings, various plans and options

October 2005 (Newstream) - With pensions and social security seemingly not enough to live on, financial experts say putting money away in just the last few years of employment is far too late for a comfortable retirement. Fortunately, there are many ways to save for retirement if you begin early.

Mutual funds and annuities are popular ways to save. Annuities provide features like a lifetime income, a death benefit, and can give security throughout the retirement years. Another option is to have a tiered program of investments where each investment pays off at different times through the years.

By saving and investing early for retirement, money could be an afterthought in those golden years.

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