Agent Owner, Gilmore Insurance Services, Marysville, Washington State
What retirement plan is right for you? The right plan for you is going to be the one "you" actually do. Waiting around for perfect or the plan, simply wastes time. Wasting time is the biggest downfall for most people when it comes to retirements. Personally I don't care if it's a passbook savings account or a 401(k) or anything, if you fail to do anything, you simply won't have anything. There are many options both qualified and non qualified out there to choose from. Read up and pick one that works for you and that you WILL fund.
In my profession I've seen agents make fun of little old ladies with a couple hundred thousand in a savings account. They would comment on how stupid these ladies were... Me? I thought they were smart. Yea, sure lots of different things they could have done, but they saved and they saved some more. They had something because they saved something. It's the habit of saving rather than the plan. Lots of people have "plans" with no money in them.
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In my profession I've seen agents make fun of little old ladies with a couple hundred thousand in a savings account. They would comment on how stupid these ladies were... Me? I thought they were smart. Yea, sure lots of different things they could have done, but they saved and they saved some more. They had something because they saved something. It's the habit of saving rather than the plan. Lots of people have "plans" with no money in them.