Also, there's the question of whether buckets # 1 and 2 should be created gradually or all at
once upon retirement.
Not exact matches
Once upon a time a simple savings account and IRA was an adequate means for creating a
retirement fund but now many experts are recommending that we turn to gold and precious metal IRAs as a more profitable alternative.
Once upon a time the only thing you could use an RRSP for was
retirement planning.
Once the requisite amount is decided
upon, reverse and calculate the sum needed to periodically save until
retirement
Once upon a time, Americans could count on a pension and Social Security for a large portion of their
retirement income.
Where the analogy falls apart is that, unlike a gas station, you can't «load up» on
retirement assets all at
once, just before you embark
upon retirement.
Now you don't get a tax deduction, but
once the money goes into the Roth IRA, that initial contribution, your principal, future growth, income, are all 100 % tax - free
upon withdrawal at
retirement.
The same way that the generation before would work at a job for 50 years and get a gold watch
upon retirement, we now switch jobs
once every few years, always looking for that elusive perfect fit.