Contributed to My Individual Retirement Account Today

An investment counselor once told me that people don't plan to fail, but they fail to plan. Sometimes you have to look several years ahead to retirement, when I won't have to cope with the managers of Maggie's Farm. I have a TIAA-CREF pension plan since I have worked for universities over the past 18 years. NJIT gives a certain percentage of my salary to the fund, while I also give a significant amount each pay period for retirement. For many years I contribute to a supplementary retirement fund through mutual funds. Over the past year these investment accounts have decreased in value. This has happened to millions of people, so I was advised not to panic since I will not be retiring in the near future. Today I put some money into a retirement account through my savings bank. Although the interest rate is relatively low, this money is guaranteed.