storing Social Security numbers and those for credit or bank accounts on phones. "Make sure to delete all documents and e-mails containing sensitive information from your phone," he wrote in a report. Levin also suggests restricting access to your phone by using a password and not staying logged into banking or other sensitive apps for long. He likened that to leaving a credit card on top of your desk. • Don't neglect retirement . The government is willing to subsidize retirement planning through Individual Retirement Accounts, 401(k)-style workplace programs and more, yet many people underutilize these benefits. "Many individuals are still missing out on the long-term savings benefits of IRAs, simply because they don't understand what they are and how they work," said Dan Keady, director of financial planning for investment firm TIAA-CREF. In a recent poll, 80% of people surveyed by TIAA-CREF said they aren't weren't contributing to an IRA, up from 76% last year. Yes, the rules are complex, especially for the different types of IRAs. And socking money into a retirement account means you have less cash to spend now. Plus, the accounts impose restrictions for accessing the money, especially if you're still working. Yet, retirement accounts remain one of the best ways to accumulate wealth, and there has been some talk lately of restricting their tax benefits as the government grapples with its own financial pressures. While it's uncertain how endangered retirement tax benefits might be, it's best to take advantage of them while you can.
This is the end of the preview.
access the rest of the document.