Bank of America Retirement Plans - IRA and Y-O-U

Bank of America retirement plans have some pretty good options to consider. I am sure we would all love to retire and move to the Bahamas. Well I do. And if I want to do that, then I need to have some sort of plan together to reach that goal. You may or may not find what they have to offer consistent with your goals. But you won't know if you don't get out there and look around. I am not going to say, "Go out and get an IRA from BOA.". Where BOA does offer a nice package, there are plenty of saving and investing fish in the sea. A word of caution. Make sure that you do your homework before you choose a plan. If you don't take the time, you may end up with something that produces a smaller yield than what you would have wanted. And now all you have is less money and wasted time.

BOA is a good place to start. Also if you are in the military or have military in your immediate family, USAA is a great choice as well. When you do find the bank/retirement plan you are looking for, remember the more you save the better it will be. Many experts suggest increasing the amount of money you place in an IRA by about 15 dollars per month, per year. That may sound like it would be an insane amount of money, eventually, that you would be dropping in the IRA, but it is consistent to most economic cost of living/pay increase models. Present year excluded, of course. Every year will not be a recession, and eventually you will hit those golden years. Hopefully they will be green years, and thats not an environmental statement. Good luck!