Government Retirement Accounts
If you work for any type of government entity, you’ll likely enjoy a decent retirement. Similar to a 401(k) and IRA, retirement accounts are invested in a number of different vehicles. The average return for something like this is around 6 percent every year, especially when the market is good.
People who work for the government normally retire much earlier than other professions. Many accounts are vested after less than 10 years, which means, you can work for the agency for a total of 10 years to enjoy at least partial benefits when you reach a specific age.
Government-backed retirement accounts are also much more secure than other accounts.
Government retirement accounts don’t allow you to withdraw any cash for a loan, like other accounts do. You have to wait until you leave the company completely or retire in order to receive any of the money you have saved up.
Planning for retirement can often be a stressful task. If you already have a retirement account set up, considering adding a new business to your retirement preparation. A business venture can be built up over time and can provide great financial rewards once the time has come to hang up your hat.
Russell Armstrong is an Internet Marketing Coach, Social Media Marketer, and Affiliate Marketing Specialist. CEO and Founder of Armstrong Enterprises International, Inc.. An Internet Based Company on the premise of helping people change their lives. https://www.facebook.com/RussellDArmstrong http://mylifechanger.net/