How Can I Get A Retirement Plan?

  1. 0 POINTS
    Contact Me
    David RacichPRO
    Fountain Hills, Arizona
    You need to determine your tax bracket, your risk tolerance, your contributions, how long will you work and what is your life expectancy? This will help you in your selection between a qualified or non-qualified plan. It will also assist you in the product selection based on your time horizon and risk thresholds. If you're an individual you may consider an IRA or a Roth IRA. If your employer sponsors a defined contribution qualified plan like a 402(k), you may want to participate.
    Answered on July 21, 2013
    +0
    1 Thumb up 0
    +1 this answer
    flag this answer
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    That is a great question! There are a million people that will line up to help you put together a plan. Some will honestly want to help you, and some will look at you like a wolf looks at a fat, three-legged sheep. Please be careful, and go with someone that comes with high recommendations. Here's what you can do to get started. Take a few minutes, and decide what retirement looks like to you. Are you fishing, travelling, working, not working, debt free? Now take a look at your current financial status. What do you need to do between here, and retirement to make that happen? I tell people that if you want to live at your current standard of living in retirement, then you will want to have squirreled away between 8-10 times what your current salary is. If you want to live better than you are now, then you've really got to get started. Once you've got an idea of what you need to save, then you can talk to your HR person at work about company match 401k, or other programs they might offer; You can talk to your insurance agent or banker and get some ideas, or you can find an advisor that can help you take a look at how to make your vision of retirement a comfortable reality. I hope that gives you an idea, feel free to drop me a line if you need help, ok? Thanks for asking!
    Answered on August 22, 2014
    flag this answer
    3. Did you find these answers helpful?
    Yes
    No
    Go!

Add Your Answer To This Question

You must be logged in to add your answer.


<< Previous Question
Questions Home
Next Question >>