Are you looking for saving for your retirement? The most popular plans are 401(k) and IRA, but there are many more different pants you should consider investing in. Make sure you do proper research and select the best retirement plan based on your needs and the maximum savings you can achieve once you retire.
The 9 best plans according to a Bankrate senior reporter James F. Royal who is a Ph.D. covers investing and wealth management are
- Defined contribution plans
- IRA plans
- Solo 401(k) plan
- Traditional pensions
- Guaranteed income annuities (GIAs)
- The Federal Thrift Savings Plan
- Cash-balance plans
- Cash-value life insurance plan
- Nonqualified deferred compensation plans (NQDC)
Do proper research, consider all parameters before investing! Make sure to contact a financial advisor when you need help in selecting best retirement plan for you.
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