A recent study found that 58% of Americans don't have a retirement plan. The study also revealed that 20% of Americans plan on relying on Social Security for all of their retirement needs. That's a shocking revelation given the fact that the current average Social Security benefit is only $1,237 per month!
Don't let retirement sneak up on you. Even if you're only a few years away from leaving the workforce, there's still time to improve your financial outlook in retirement. Starting an IRA in 2013 is a great way to do it!
The following cheat sheet will help you determine which IRA is best for your financial situation.
Created by 2013 Tax Rules
The study sited was conducted by Deloitte Center for Financial Services. The 2013 IRA Contribution Cheat Sheet is used with permission from Greene IRA Success.
To learn more about our company - and find out how we are different from other financial advisors - call (254) 227-6433 or visit www.VannoyAdvisoryGroup.com.