October 2021
Beginner
352 pages
8h 40m
English
Content preview from 401(k)s & IRAs For Dummies
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 11
Setting Up Your Savings Plan
IN THIS CHAPTER
Thinking about when you’ll retire
Considering all your sources of income in retirement
Finding ways to build your retirement savings
Spontaneity can be a lot of fun. But it’s the last thing you want when you’re planning for retirement. Saving for retirement involves delayed gratification, planning, and discipline, but today’s sound-bite society may find this news hard to swallow. Luckily, tools like a 401(k) and IRAs can help make the process less painful, because a lot of the saving is automatic after you set up the plan.
If you’re young, you may think it’s too soon to plan for something that’s 30 or 40 years away. The truth is that the earlier you start, the better, because your savings will have more time to build up through compounding (as the earnings on money in your account continue to earn even more money). Starting to save early will give you more freedom later to decide what you want to do.
On the other hand, if you’re already in your 40s or older, you may wonder whether it’s too late for you to plan. The bottom line is that it’s never too late. But you may find that you need to scale back some of your goals or increase ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.