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 I Would Rather Be Here!!

  Social Security - Old-Age, Survivors, and Disability Insurance (OASDI) federal program. The original Social Security Act (1935) and the current version of the Act, as amended, encompass several social welfare and social insurance programs. Social Security in the United States is funded through payroll taxes called Federal Insurance Contributions Act tax (FICA) and/or Self Employed Contributions Act Tax, (SECA).  Social Security Calculator Social Security Calculator Some Say, “I’m not worried, I will have Social Security”

  IRA  Roth IRA  Pension  401k  403b What are some Common Retirement Accounts?

  Financial Risk  Fraud Risk  Inflation Risk  Market Risk Risk……….Ahhhhhhhh

  The chance that an individual, business or government will not be able to return money invested. Financial Risk

  The chance that an investment has been misrepresented. Fraud Risk

  The chance that the rate of inflation will exceed the rate of return on an investment Inflation Risk

  The chance that the value of an investment will go down because of a change in supply and demand Market Risk

  Get into groups of 2  Complete the comparison of retirement accounts  Choose the best account in your opinion and why Activity

  IRA – A plan that individuals may establish to arrange and plan for retirement. An IRA plan allows you to save money and defer taxes until you retire. IRA plans have annual contribution limits that are established by the government and rise gradually with inflation; individuals age 50 and older can make slightly higher "catch-up" contributions.  Roth IRA – An individual retirement plan that is similar to the traditional IRA, but contributions taxed going in and distributions are tax free. Individual Retirement Accounts

  Pension- A fund established by an employer to facilitate and organize the investment of employees' retirement funds contributed by the employer and employees. The pension fund is a common asset pool meant to generate stable growth over the long term  401(k)-A plan established by employers to which eligible employees may make contribute a portion of their salary on a post-tax and/or pretax basis. Employers offering a this plan may make matching to the plan on behalf of eligible employees. Earnings accrue on a tax-deferred basis. Other Retirement Accounts

  403(b) - A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Much like a 401(k) plan.  529 Plan - A plan that allows for the prepayment of qualified higher education expenses at eligible educational institutions. Other Retirement Accounts and Such