Stage 1 Saving for Family Emergency Funds Start saving for retirement here.

Stage 2 Education for your children Budget

Stage 3 You must plan for retirement. Do something that helps you get earnings

Pension- You wor for a company!organi"ation and they promise to pay you a specific amount on a monthly #asis non$stop. %t wor s #y ta ing some of your earnings and placing it in a pension &what if you made your own pension fund' 401k$ (overnment lets you put money in a savings account and you pay ) ta*es. +his is the condition$ use it at retirement. %f not, dou#le ta*&on the amount that you withdrew.' IRA[Individual Retirement Account]- Benefit- .oney you put there is not ta*ed. %t is a good idea. %t is ind of li e a #an account. Stock Market- Buy a piece of the company. %f they increase, you get money!dividends. /o according to S01 Savings- Annuity 2fter you reach stage 34. %nsurance companies save these. Decide to put 4) a month in it. +hen, they start paying you li e a pension. You can cancel 5ome E6uity 7 +rusts- 8hen you sell your house, you pay high ta*es, #ut its o ay. 8hen you put your home in a trust, 32B/ 2nnuities. (ood to have it through a /10. %t could #e monthly or lump sump. 8hen you decide to retire. 32B/, 2ma"ing Facts, 9oice of 1rophecy, 05, 2nnuities Reverse Mortgage- Ban #uys your house and gives you a monthly amount. !ills-