December 31, 2007
IRA
Retirement planning is not only for the wealthy and is about more than investing and saving. Retirement planning is the important task of deciding how you will live once you retire. It's important because retirement is going to cost you more than you probably are estimating. Retirement planning is much like planning a trip. It involves identifying your individual needs and resources. To pay for your retirement goals, you'll likely need to draw on all types of income available to you, including Social Security and your investments, such as your ira account, 401(k) and whatever individual stocks and other securities you may own.