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Retirement Planning Programs


A number of tax-deferred retirement plans are available to employees and self-employed persons. Thanks to the Economic Growth and Tax Relief Reconciliation Act of 2001, contribution limits have been increased and catch-up provisions established. Some retirement savings programs (e.g., 401(k)s) allow an up-front tax deduction of the amount contributed, in addition to tax-deferred growth of the principal. Additional information is available through professional financial advisors, retirement-planning software and worksheets, websites, and employer educational programs. The sooner one starts to save, the longer compound interest will work its magic. Even small dollar amounts add up. A $20 weekly deposit earning a 10 percent average return over forty years will grow to $506,300.



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ROHA, R. ‘‘Stock Options Aren’t Just for Bigshots Anymore.’’ Kiplinger’s Personal Finance Magazine, April, 1999, p. 99–101.

Rutgers Cooperative Extension. Investing For Your Future: A Cooperative Extension System Basic Investing Home Study Course. New Brunswick, N.J.: RCE, 2000.

STORMS, R. ‘‘Financial Education: Employer Trends, Benefits, and Considerations.’’ Personal Finances and Worker Productivity 3, no. 2 (1999): 25–28.

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U.S. Department of Labor. Simplified Employee Pensions: What Small Businesses Need to Know. Washington D.C.: DOL, 1997.

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Additional topics

Medicine EncyclopediaAging Healthy - Part 4Retirement Planning Programs - Types Of Employer Retirement Programs, Plans For The Self-employed, Individual Retirement Accounts (iras)