How To Set Up A Personal Retirement Plan?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaThere are many options for funding retirement. But here are the two tributaries of thought. The first thing you should determine is your effective tax bracket. If your tax bracket is high you may want to consider a qualified plan like a 401(k), especially if your employer offers a contribution match. But if your effective tax bracket is small and you have no employer sponsored plan, then a non qualified retirement alternative that uses life insurance or annuities should be a consideration.Answered on June 22, 2013+01+1 this answer
0flag this answerview more answers by David Racich- 0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaFirst determine your retirement plan should be qualified or non-qualified. Are you a business owner or an individual? Are you or your business in a high tax bracket? How long do you think you’ll contribute to the plan and what amounts will you contribute? Then you need to establish a personal financial profile that includes risk assessment, financial goals and a life expectancy report. After you have completed this list, you can determine which qualified plan to use.Answered on July 2, 2013+01+1 this answer 0flag this answerview more answers by David Racich
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