Wednesday, February 01, 2006

 

Beyond the 401(k): How to Bolster Your Prospects For a Secure Retirement

If you want to retire in style, don't quit on your individual retirement account.

By regularly contributing to an IRA, you could easily amass $100,000 or more by age 65. Add that to your company pension or 401(k) balance, and you may be able to upgrade your retirement from economy to first class.

Yet just 17% of households bothered to fund a traditional or Roth IRA for 2004, according to a study that will be released today by the Investment Company Institute in Washington. Want a more comfortable retirement? You've got until the April 17 tax-filing deadline to make your $4,000 IRA contribution for 2005.

Beyond the 401(k): How to Bolster Your Prospects For a Secure Retirement
Source: Wall Street Journal (subscription required)

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