Retirement meeting

I attended the company retirement plan meeting. It was a good sales pitch to encourage us to invest in the company plan. Though, I already have an IRA account so not much will be placed in my 401K account. The difference between the 2 is taxes. 401K requires taxes be paid upon withdrawal because contributions are made with pre-income tax dollars. Roth IRAs like I have(Individual Retirement Account, not Irish Republican Army) are paid with post-income tax dollars so taxes are already paid upon withdrawal. There is a IRA for pre-tax dollars that does require taxes be paid upon withdrawal.

The main theme of the meeting was uncertainity of the future; like inflation, wars, law changes, stock market crashes, technology advances, health advances, and family changes. The guy sitting next to me make a joke when the lady said they had a client in her 90's in good health. His father suddenly died a while ago. It freaks my Mom (age 66) out looking at obituaries in the paper to see someone her age or younger died of a heart attack or cancer. I don't think many of us at the table will make it to age 90 in good health despite medical advances and a pill for all ailments like the lady said. I work with a lot a smokers and heavy drinkers. It is also very hard to determine how much to save for retirement with so many uncertainities, especially 30 years from now. We can be retired for 20 years or less. I try to save what I can and hope for the best. My Dad's parents had plenty of money left in their retirement account for him and my aunts to spend. Post later. Bye!