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IRAs, 401(k)s and Social Security:
A Retirement Planning Primer

IRAs, 401(k)s and Social Security: A Retirement Planning Primer

Understanding IRAs, 401(k)s and Social Security is a critical first step in retirement planning.

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Dear Christian Friend,

Recent economic turmoil and the difficult bear market that began in late 2007 have many people wondering if they'll ever be able to enjoy a financially secure retirement. The balances of many retirement accounts such as IRAs, 401(k)s and 403(b)s have seen major declines.

Compounding the economic troubles is a explosion in government spending that may accelerate the need for massive and painful reductions in Social Security and Medicare.

We want to help you formulate a personalized retirement-funding plan by sending you a FREE copy of IRAs, 401(k)s and Social Security: A Retirement Planning Primer. Simply type your email address below and you'll be able to get your copy right away!

The number of those joining the ranks of the retired is increasing at twice the rate of the overall population. By the year 2030, the post-WWII "baby boomers" will raise the prime-timer population to 70 million. In percentage terms, the 65-and-over age group will grow from 12% of the population right now to 20% within the next two decades.

Of course, the need for adequate retirement planning will grow, too. Consider this:

  1. As life expectancies continue to increase, the baby-boomer generation can reasonably expect to live 20 to 25 years past retirement.
  2. Longer life expectancies — and the increasing cost of health care — indicate that today's workers must plan carefully if they are going to enjoy financial security during retirement.

In short, we'll all be living longer. And let's face it: living costs money. That's why we're offering you a FREE copy of IRAs, 401(k)s and Social Security: A Retirement Planning Primer.

Of course, the longer one's life, the greater the likelihood that support services will be needed. Families now stand a greater chance than ever before of having a disabled elderly relative to support. Although more than 80% of us are likely to enjoy reasonably good health in our later years, health care for prime-timers still costs three to four times what it costs the rest of the population. Then there are the other necessities of everyday life, such as food, shelter, clothing, and recreation.

A fundamental fact of retirement life is that you don't want your money to run out before you do! In this FREE Special Report, we'll help you learn what to plan for and how to do it.

If the prospect of building a financially secure retirement seems a bit overwhelming, given your current financial situation, don't despair. By reading IRAs, 401(k)s and Social Security: A Retirement Primer, you'll be taking the first step toward overcoming three of the four most common elements of financial failure:

  • A failure to inquire. Many are ignorant of the serious financial implications of our changing society and how they will be affected.
  • A failure to learn. Once made aware, they may still lack the know-how needed to begin putting their financial house in order.
  • A failure to plan. Even informed, knowledgeable people can let years go by without formulating goals and a strategy for achieving them.

But after we inform you of the seriousness of the situation, teach you the basics of survival, and lead you through the planning process, there's still one element only you can overcome:

  • A failure to act. Procrastination can be the greatest deterrent to reaching your financial goals. Commit yourself now to making the sacrifices needed to put your family's finances on a solid foundation.

In the "Where is the money coming from" section of the report, we explain what is referred to as the "three-legged stool of retirement income: Social Security, private employer-sponsored retirement plans, and your personal retirement savings.

In the Social Security section, we give a brief history of the program and provide easy-to-understand examples of how Social Security actually works. Using simple math, we then go on to show that the system as currently configured is unsustainable.

This reality highlights the increasing importance of private retirement plans. In the section on Employer-Sponsored Retirement Plans, I explain the difference between the two kinds of employer plans: "defined- benefit" and "defined contribution."

Finally, I take a close look at the Personal Savings Options available to you. Knowing what an IRA is — and the differences between a "traditional" IRA and "Roth" IRA — is critical for your long-term retirement planning.

Download your free copy of IRAs, 401(k)s and Social Security: A Retirement Planning Primer right now, and you'll be able to start acting immediately on what you learn.

The final section of the report addresses several of the practical steps to consider in your decision-making. In particular, I focus on how to make the most tax-efficient choice when deciding between the traditional Deductible IRA and the Roth IRA. Next, I offer guidance on making a choice between a 401(k) and an IRA when you can't afford to do both. I also offer some simple how-to's on opening an IRA and moving money from a 401(k) to an IRA.

I realize that planning for retirement can seem like a daunting task, especially given the recent economic turmoil. But because you're reading this, it's probably safe to assume that you agree procrastination and inaction are no longer an option. IRAs, 401(k)s and Social Security: A Retirement Planning Primer will provide you with knowledge and practical advice that will help bring you peace of mind.

If your retirement planning is in need of an overhaul or if you haven't yet started, type your email address in the box below, and take your first step to building a solid plan based on your personal needs.

I hope you find your free copy of IRAs, 401(k)s and Social Security: A Retirement Planning Primer useful. I believe it will help you lead a life of responsible stewardship and joyful generosity that glorifies God!

Mark Sig
Mark Biller
Executive Editor

IRAs, 401(k)s and Social Security: A Retirement Planning Primer Yes! Send me my FREE Guide to
IRAs, 401(k)s and Social Security


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