Personal Finance: Retirement Planning — Flashcards | Financial Literacy | FatSkills

Personal Finance: Retirement Planning — Flashcards

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Retirement planning refers to financial strategies of saving, investments, and ultimately distributing money meant to sustain oneself during retirement. Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s, allow retirement savers to grow their money with certain tax advantages.
 

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The size of your Social Security benefits are determined by your number of years of earnings, your average level of earnings, and an adjustment for inflation.
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