Cash Budgeting
Whether you are in your 20s and are just beginning to think about retirement or in your 50s and are panicked about retirement, there are several general questions you should ask yourself before you start to set up a budget for a retirement plan. Here are a few of them:
- Does your current employer provide a retirement plan? If so, what type?
Some companies, particularly small businesses, do not always provide retirement plans. If not, then you need to set one up on your own. Check into contributing to an Individual Retirement Account (IRA) or a Roth IRA to see which would benefit you most. Suggest to your employer that offering a retirement plan would be a good group benefit for employees.