1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    A retirement plan is fundamentally a disciplined deposit into an account for your future lifestyle in your golden years. It's a process of paying yourself first. Every paycheck you receive should contribute some portion to that fund. Over the years the power of compounding could be significant in a qualified tax deferred retirement plan.
    Answered on September 10, 2013
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