by Marc Daniel Antipasado
Lack of money is the root of all evil, according to the famous author Mark Twain.
So while living young, wild and free, let's not forget one crucial thing: saving money for retirement.
Many people, especially the millenials who are years away from reaching retirement age, do not feel the urgency of saving money for retirement. The PERA Act of 2008 should entice even the millenials to start building up their retirement fund. Under the PERA Act of 2008, contributions to the PERA, including the income from contributions are given tax incentives.
The PERA Act of 2008 is a provident personal savings plan known as the Personal Equity and Retirement Account or PERA.