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The best retirement plan for you is one that provides guaranteed or near-guaranteed income for life. Determining how to invest and what products and instruments to use is best determined by an experienced financial planner. Do not consider using a part-time worker, a media-related person or someone not licensed.
It's important that you develop and maintain a set of goals that you can closely monitor. These goals should take into account tax consequences, the amount of risk you would like to take, the safety of your portfolio and the impact of current events on your assets.
As mentioned, sound advice can come from an experienced financial planner (Certified would be nice) and we'll be happy to recommend a few in your area. TV or radio personalities, non-licensed agents and inexperienced brokers should not be advising you.
There are many variable and fixed products that can be considered.
Every saver and investor needs to establish a personal financial profile to determine risk tolerance, effective tax bracket and economic goals. When considering retirement plans the first decision is whether to use a qualified or non-qualified plan (or sometimes a combination of both.) If your employer sponsors a defined benefit plan like a 401(k) with a partial or full employer matching contribution, you should consider it…especially if you’re in a high tax bracket. There are rules to these types of plans, so incorporate those items in your decision making process as well. You may want to consider non-qualified plans that use annuities or life insurance if you’re in a lower tax bracket and you want more flexibility.
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It's important that you develop and maintain a set of goals that you can closely monitor. These goals should take into account tax consequences, the amount of risk you would like to take, the safety of your portfolio and the impact of current events on your assets.
As mentioned, sound advice can come from an experienced financial planner (Certified would be nice) and we'll be happy to recommend a few in your area. TV or radio personalities, non-licensed agents and inexperienced brokers should not be advising you.
There are many variable and fixed products that can be considered.