Retirement Account Basics: Why You’re Never Too Young to Start Thinking About Retirement

Abstract: In this February 2024 Issue of Page One Economics: Focus on Finance, we’ll explore the most common retirement savings plans and other things to consider as you begin thinking about retirement. We will compare employer-based defined-benefit and defined-contribution plans, as well as options available to individuals. Understanding the basics of retirement savings accounts can help you feel empowered to start making decisions today for your retirement!

Keywords: retirement; defined-benefit retirement plan; defined-contribution retirement plan; mutual funds; Social Security; Roth retirement account;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Page One Economics Newsletter

Publication Date: 2024-02

Pages: 6 pages