Let’s face it retirement planning is something that everyone worries about at one time or other in their lifetime.  Smart people start thinking about it earlier in life and continue to focus on it throughout life.

Some people are more concerned than others about preparing now so that their quality of life will be a good once they retire.  If you’re one of the financially responsible individuals who understand the importance of planning for retirement early on, you’re probably open to new suggestions.

All throughout time, some of the wealthiest people have gained their fortunes through buying land at the right time.  The most important thing about buying land is to buy it at the right time.  Just having money and investing it in land isn’t necessarily going to make you rich or ensure that you live out a comfortable retirement.  Buying at the right time  and the right price will however. Read the rest of this entry

The IRS 401(k) retirement plan is funded by employee contribution and a matching employer contribution. The major feature of the plan is that the contributions are taken from pre-taxed salary. The fund accumulates tax-free until it is withdrawn. Most businesses and tax-exempt organizations can create these retirement plans.

The 401(k) takes its name from the IRC (Internal Revenue Code) of 1978. The operation of the 401(k) is administered by the EBSA (Employee Benefits Security Administration) of the Department of Labor.

The IRS 401(k) plan has a lot of advantages. First and foremost is that the employee can contribute pre-tax money that reduces the tax paid in each paycheck.  Also, the company contribution and any growth in the fund is free of tax until withdrawn.