What Is The Best Retirement Plan?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaSelecting the best retirement plan is determined by your personal financial profile. First consideration is whether the plan should be qualified or non-qualified. If your tax bracket is high and/or your employer matches some of your contributions, a qualified plan should be considered. If your tax bracket is low and your employment doesn’t offer a match then non-qualified plan should be considered. Once you establish whether the plan should be qualified or non-qualified, then funding your retirement with the proper product is next. To do this you need to establish a personal financial profile that includes a risk tolerance assessment, your financial goals and a life expectancy review.Answered on June 30, 2013+01+1 this answer
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61667 POINTSview profileSteve SavantSyndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale ArizonaThe best retirement plan is the one that allows maximum pretax or tax deductible contributions with an employer match and a vast inventory of investments to choose from. A 401(k) allows up to $17,500 with a catch provision for those over age 50 for an additional contribution of $5,500. Not all employers match, but if you're a highly paid employee, you may able to persuade your employer to match as an employee retention benefit.Answered on August 5, 2013flag this answer
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