How To Have A Good Retirement Plan?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaThe definition of a good retirement plan is paying into it every paycheck. It's called paying yourself first. If you're in a high tax bracket, you should consider a qualified defined contrition plan, especially if your employer matches any portion of your contribution. You should also establish your risk tolerance and time table to retirement. This will help you determine your product suitability.Answered on August 22, 2013flag this answer
1976 POINTSview profileRonald HinchRegional Marketing Director, Capital Choice Financial Group,You can assure a good retirement for yourself and your family by starting young because at the time you don't have to save as much. But, a rule of thumb is that you should save a minimum of 15% of your income in a Roth IRA and then build from there. If you are older and have not saved much you will have to save much more. A retirement savings calculator can help find your best number.Answered on April 29, 2016flag this answer
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