Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
You need to determine if your employer sponsors a qualified plan, If your employer sponsors a defined contribution plan like 401(k) and matches some portion of your contribution, you should participate in the plan. But if you need to start your own plan, consider an IRA or Roth IRA for tax deductible contributions.
But perhaps the biggest issue is first creating a personal financial profile that includes a risk assessment analysis to assist you in selecting a product line to fund your plan. Keep in mind that your retirement date and your life expectancy are critical time line considerations as well.
.JPG){kind=avatar}
But perhaps the biggest issue is first creating a personal financial profile that includes a risk assessment analysis to assist you in selecting a product line to fund your plan. Keep in mind that your retirement date and your life expectancy are critical time line considerations as well.