Guidant Financial Group Blog

If you don’t know what you are going to do with your economic stimulus check yet, according to Entrepreneur Daily (Entrepreneur.com’s blog), you’re not the only one (see Can Stimulus Checks Boost the Economy?). Of course the hope (and the purpose of the checks in the first place) is that people will spend these checks soon and help to boost the economy.

Since direct deposits should start hitting bank accounts next week, we’ll be able to see soon where this money is actually going.

One thing that Entrepreneur Daily did not address was how many people will put the stimulus check toward their retirement. The CNNMoney slideshow does highlight one young man who plans to put his money into a retirement account for future savings. But what about the rest of us?

With all the news last year about the supposed retirement savings crisis, it will be interesting to see how many people mimic this young man’s choice and put the money in an IRA.

What do you plan to do with your check?