With traditional pension plans becoming more of a thing of the past, it is more important than ever to be familiar with how to effectively save for your retirement. Your retirement will look much different from that of your parents or grandparents. Instead of a traditional company pension income stream for the rest of your life, you will need to establish your own retirement income plan.
Which retirement accounts are best for you? The answer is, it’s different for most people. Meaning, you really need to meet with a qualified financial advisor that is well trained on qualified plans and tax strategy to get a wise answer.
If you have a 401k with your employer, here are a few things to become educated on:
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