Determining the right retirement plan requires a few critical components in your consideration. First, determine your effective tax bracket rate. Second, what your risk tolerance is for market investments. Third, how much will you contribute annually and how years do you expect do you expect to contribute. Lastly, perform a life expectancy test.
Collecting this information can assist you in determining whether you should use a qualified or non-qualified plan as well as an individual plan versus an employer sponsored plan. And perhaps the most critical item: the savings or investment products you’ll use for your retirement plan.
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Collecting this information can assist you in determining whether you should use a qualified or non-qualified plan as well as an individual plan versus an employer sponsored plan. And perhaps the most critical item: the savings or investment products you’ll use for your retirement plan.