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	<title>New answer on: How Do You Plan For Retirement?</title>

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		<title>By: David Racich</title>

		<link>https://insurancelibrary.com/retirement-plans/how-do-you-plan-for-retirement</link>

		<dc:creator>David Racich</dc:creator>

		<pubDate>Sun, 07 Jul 2013 14:06:23 +0000</pubDate>

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		<description><![CDATA[Planning for retirement is planning for your lifestyle in your golden years; you need to establish a personal financial profile that includes a risk tolerance assessment, your effective tax bracket and a life expectancy report so you can create a reasonable timeline. If you’re younger than age 45, you should consider retirement at age 70 because your life expectancy may be 20 to 25 years more if you’re a nonsmoker and in good health.
 
You need to determine if your employer sponsors a defined contribution plan like a 401(k), especially if the employer offers a contribution match. If your employer doesn’t offer such a plan, you may want to consider a Roth IRA or Traditional IRA. If you’re self-employed and you make six figure income, you may want to investigate SEPs. Some retirement plans are non-qualified using annuities and/or life insurance to fund their retirement. Once you perform your personal financial profile, you can begin the review process to determine how you’ll fund your retirement.
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