Green Retirement Blog

Your retirement accounts, 401k’s and IRA’s, are not a retirement plan. Putting money into your retirement accounts, even regularly, is not a retirement plan.

This slight variation in wording, retirement account vs. retirement plan, leads many Americans to believe that opening and contributing to a 401k or an IRA is a plan for retirement. It is not. An account is a place to store money - a plan is a course of action. Opening a retirement account, or putting money into a retirement account, is a tax advangtaged investment plan.

A retirement plan, is a plan for how much your retirement is going to cost, and how much of those investments you are going to need, to pay for your retirement. Words like pay, cost, expense, spend, are the other side of the retirement equation. And by solely putting money into a retirement account, and thinking you have a retirement plan, leaves you unprepared for the day you retire - and the rest of your life after that.

Learn more about Green Retirement Planning - And find out how you can save your retirement and the planet!