Anyone Can Save to Make Pension Contributions to a Self Directed Retirement Plan

If they really want to, any working person can find a way to save for the future in the form of tax deductible contributions to an IRA, or for the self employed, an Individual (k) plan or other Self Directed Retirement Plan (SDRP). After many presentations on SDRP's I get audience members pulling me aside to tell me that what I am saying makes sense, but that they don't make enough or are simply unable to save for retirement.

Because I already know the answer, I always ask them a direct question; "Do you have a written monthly budget that you update weekly?"  99% of the time, they say, "no I do not, or I've been meaning to do that" or something similar.  Since there are 52 weeks in a year, if you find $50 of fluff somewhere in your budget you can make a $2600.00 contribution to your IRA and do it. Once you have established an account, most IRA Administrators/Custodians will gladly accept a monthly check with a notation on the check "Current Year IRA Contribution".  You do not need to accumulate a lump sum before sending it in, just send it as you get it.

Almost anyone how invests time in creating and maintaining a budget starts to save money. Of course before you send money, you have to find it.  One way to do that is to create a simple budget. Take a look at the Webinar I  recently recorded at SustainedAbundance.com on Personal Budgeting and decide what type of retirement you really want.