Spend it or Invest in an IRA?
There are many choices to make when facing retirement. The decision must be made regarding whether to save or spend.
You can either spend now, or save for later so that those funds are available where you’re ready to retire. Saving now will have a greater value in the long-run rather than waiting till that last few years of your career to start saving. It’s always important to keep in mind that there is no loan option to fund your retirement. Calculate your estimated value at retirement today.
The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.