As a kid, I remember listening to Arthur Godfrey, a 1950’s TV star, crooning the song “Count Your Blessings.” Godfrey’s craggy voice forcefully belted out the refrain, “When I’m worried and I can’t sleep, I count my blessings instead of sheep and I fall asleep counting my blessings.” When you went to sleep last night, were you counting your blessings or were you tossing and turning while worrying about your problems?
You’ve undoubtedly heard the phrases 401(k), 403(b), IRA, Roth, TSP and 457 plans. Do you know what they mean? Are these the latest Levi blue jeans? Are these the new and approved Mazda, Honda or Lexus series? If you’re having a difficult time sorting out the “alphabet soup” of retirement plans, don’t feel ashamed. While many people have heard of the different types of retirement plans, very few understand the difference between these plans.
Just when motorists were starting to adjust to exorbitant gas prices, they face the prospect of much higher costs, fewer choices and a dearth of financing options if they want to lease their next car.
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