In todays episode of Money Talks, Greg and Dan introduce the Three-Legged Stool of Retirement Income: Personal Savings, Social Security, and Employer Contribution Plans. 

 

Dan gives us a little history and statistics about why pensions have fallen by the wayside and how responsibly has become that of the employee’s to save for their own retirement. Dan gives a quick explanation of different types of Employer Contribution Plans, touching a little on what a Retirement Date Fund plan is versus an Asset Allocation Fund, and if these plans are not offered by your employer, remember you always have the option of opening your own IRA. 

 

Sound confused? Don’t be! Dan uses simple examples and explanations that even your Aunt Betty would understand.

 

But whatever you do- Save Early, Save Often.