Retirement Planning - National Guard Family Program

Introduction to Personal Finance

An Overview for State Family Program Directors, Wing Family Program Coordinators, and Families.

RETIREMENT PLANNING

7.	Introduction
	7.1	Requiremets for a Reserve Retirement
	7.2	Retirement Income and Planning
	7.3	Thrift Savings Plan (TSP)
	7.4	401(k) and 403(b) Plans
	7.5	Traditional IRAs
	7.6	Roth IRAs
	7.7	Annuities
	7.8	Self-employed Plans
	7.9	Learning Check

7. Retirement Planning – Introduction

Are you old enough to remember the good old days when a worker stayed

with one employer and retired with a “nice pension” plus Social

Security?

Those days seem to be gone, maybe for good.

Today, you need to take charge and plan for your own retirement

security. Relying on Social Security for the bulk of your retirement

income is an iffy proposition at best.

Also, many companies today don’t have traditional pension plans.