> I have cash in the bank of more than a year's worth of my current salary BUT, zero saved for retirement
Just out of curiosity, what's the difference between money in the bank and money for retirement? Should the retirement money go into a dedicated (investment? pension?) fund? Can't they be your savings that you manage by yourself?
I'm asking since I was raised with a different background with pension in Europe being a very different concept from the US.
Just out of curiosity, what's the difference between money in the bank and money for retirement? Should the retirement money go into a dedicated (investment? pension?) fund? Can't they be your savings that you manage by yourself?
I'm asking since I was raised with a different background with pension in Europe being a very different concept from the US.