you retire with peace of mind.

PST: Hello, its me, Professor KnowItAll... and yes, I'll be giving you the very best

tips so you can retire with peace of mind...EXP: Hello Professor, are

you now an expert on that topic?PST: Of course...EXP: Oh, OK,

so you're all ready for retirement?PST: Of course! I'm ready!

EXP: So then, you have money saved?PST: Well, not exactly but

I have a plan... I will live with my kids...EXP: Living with your family during

retirement can be very gratifying, but surely you don't want to be a burden on them...

Did you know that people in the United States, on average, live 20

years after they retire?In general, people need almost 80%

of what they earn in order to live comfortably after retiring.

That's a lot of money, so you'll definitely need a good plan in order

to get there. OK, don't panic yet. It's never too late to start

or even too early. Let me tell you what you should do so that the

next time, you can give people good advice. PST: Sounds good.

EXP: Professor, according to the Consumer Action Handbook, the first thing is recognizing

the importance of saving for retirement.The three most common options

are: One: Pension benefits, offered by some places

of employment.Two: Savings and investments, started by you.

Three: Social Security, which is the Federal Governments

retirement plan. Now, if you're still working, find out if your place of

employment offers a pension plan and how it works. Some companies also offer

a 401k plan. PST: Four 01 what? I've never heard of that

truck, but mine is newer... EXP: I'm not talking about vehicles here, I'm

talking about retirement plans in which, if you save, your company will match a

percentage of the contributions you make. PST: Oh, that's like free money.

EXP: Exactly. Sometimes you impress me, Professor!In order to plan well

for retirement, you must consider what types of expenses you'll have, whether you'll

work or not, if you'll have additional medical insurance, or if you'll have costly

hobbies, like traveling. There are many things to consider, so you may want

to consult a financial expert for help.PST: Yikes, I'm feeling dizzy...

EXP: Professor, you can also ask for help and get tips from the

following organizations: AARP

American Savings Education Council

Department of Labor Securities and Exchange Commission

Social Security Administration PST: Ufff...I'm feeling a little

better now. EXP: Professor, this is all about saving not spending...

Better yet, let me remind you to visit USA.gov or in Spanish at

GobiernoUSA.gov where you can learn more about all of this and

other interesting topics for consumers. And remember, you can also order

your free "Consumer Action Handbook "...

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