Individual Retirement Accounts: Why Bother?
Beginning of paper
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English 121
Mr. Frost
September 22, 1996
Outline
Thesis: When planning for retirement, Individual Retirement Accounts offer
several benefits; however, careful planning is essential to ensure that: upon
retirement there is an adequate amount of money saved, that the heirs to the IRA
are cho ....
Middle of paper
.... 2. Taking money out before the age of 59 1/2.
3. Penalties for leaving money in too long.
Many people often live their lives without considering how they plan to
retire. People do not realize that the idea of living solely on the benefits of
social security is not realistic. In order to secure a comfortable future,
people must have some type of additional income. Sacrificing a small amount of
money into an IRA at a relatively early age could make a considerab ....
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Word count: 1722
Page count: 7 (approximately 250 words per page)
