People get to sock away
a lot of money, tax-free, and use it to pay for medical care under a catastrophic health insurance policy.
Outside jumbos, one new product enables buyers to sock away
all or part of a down payment on a home in investment vehicles such as variable and fixed annuities, and in life insurance policies.
Live below your means, and you'll be able to sock away
money for retirement, too.
Just as you allocate dollars to pay your bills your lifestyle, regularly sock away
a potion of your income for savings and investments.
Age-weighted plans that enable older employees to sock away
more than younger employees also are increasingly popular.
He doesn't cite any figures, but he probably calculated that he just needed to sock away
a couple of hundred thousand, recharge his batteries, and return to public service.
You probably know to sock away
money for retirement.
He estimates that between his Roth IRA, 401(k), and SEP, he'll sock away
$30,000 this year, adding to the $26,000 he's already saved for retirement.