In today’s economic environment the need to care for ones’ own retirement has taken on a much greater importance. With unemployment at a staggering high rate, everyone’s needs to protect their retirement assets are extremely important. The earlier you start the less problematic it is. An example someone age 55 who saves $5,000 in this year and earns 2% will see that $5,000 grow to $6,216.00 at age 65.

Remember if you are 55 or older, you can put aside $5,500.00 per year towards retirement under age 55 the amount remains at $5,000.00.

There are many forms of retirement, IRA, Roth IRA, Rollover IRA, 401(K), Keogh Plans, Pension and Profit Sharing Plans. There are self-directed retirement plans or you can enlist the help of a financial planner such as the Citron Agency. Mutual funds, stocks, bonds, annuities, savings accounts certificates of deposits, treasury bills, government savings bonds, are just some of the items that can be used to fund a retirement account. Retirement expense maybe tax-deductible, the earnings maybe tax deferred or partially taxed. There are various reasons allowed for early distribution, (prior to age 59 ½), without a tax penalty, such as marriage, the birth of a child, disability, home buying, major medical expenses among others. We can provide one time guidance or act on your behalf in an ongoing manner. Please call for free information 1800 CITRON-1