What Kind Of Retirement Plan Is Best?
61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaThe first step is to establish what your effective tax bracket is to determine if you should set up a qualified or non qualified plan. If your tax bracket is low, the deduction may not be as valuable in a qualified plan as the flexibility of a non qualified plan. You also want to assess your risk tolerance to help you select suitable investments that meet your financial profile. Another consideration is whether to set an individual plan or participate with a plan at work. Some employers match portions of your contributions, so it's important to thoroughly examine your options.Answered on August 9, 2013flag this answer
11783 POINTSContact Meview profileLarry GilmorePROAgent Owner, Gilmore Insurance Services, Marysville, Washington StateWhat kind of retirement plan is best? Well the answer really is the retirement plan you will continue to fund right up into retirement. It isn't the plan as much as it's the effort to save money. What is the point of deciding the best plan allows you to put 25 thousand a year away when you aren't putting $5 away? The big thing is to decide to make saving a habit. Once you commit to that, then you should look at what is available to you and then you look at expenses of who is handling your money.Answered on February 16, 2016+01+1 this answer
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