Thursday, May 19, 2011

Retirement!

An IRA is a private investment funded by your own money.  401k is through your work place and involves both contributions from your work  and yourself.
Social security is a fund from the government that helps pay retired people.    The reason it is such a big issue is because people think the money is going to run out and not be any left for the future retired.
It is important to look at retirement funds now as opposed to 10 years from now because if you invest money for your retirement 10 years could get you a lot of money.

 This link says why Social Security is not in danger:
http://prospect.org/csnc/blogs/ezraklein_archive?month=02&year=2009&base_name=why_social_security_is_not_in
 This is saying it is in big danger:
http://www.huffingtonpost.com/2011/05/14/medicare-social-security-_n_862017.html

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