The more money you put into a Tax Deferred Plan (TDA), the more money you will accumulate. Remember, the US Government is your partner in a TDA plan. You have to share every dollar with the US Government. Top up your savings in not only TDA's but in brokerage accounts to compensate for a reduction in Social Security which is a possibility.
Women have a lot going against them, much more than men, when it comes to creating income to last through their retirement years. Let's break it down.
We often hear you need to save a certain amount of money to retire. Let's call that number "x." That does not mean you need tons of money nor will tons of money make you happy. In this segment we will discuss how to achieve happiness too.
Finally, we will wrap up with questions we will answer from listeners.