Which is the ideal retirement plan for you?
Shrideep Murthy,CFA?
Actuarial Valuations | Entrepreneur | Retirement Plan Administration | Engagement Management | Project Management | Digital Marketing |
There are several retirement plans out there in the market, and each one is more complicated than the other. Selecting the best plan for yourself and your firm is no easy task and it often leads to frustration.
To make the task easier, we narrow it down to just two variables that are crucial in the decision making process. These are:
- Employees: Does your business have employees (Yes/No)?
- Free Cash Flow: How much money are you looking to put aside in a retirement plan for yourself? Similarly, how much money are you comfortable contributing towards your employee retirement plan?
The table below gives an overview of retirement plans. Just select the appropriate box you identify yourself in and read about the right plan for you. All contributions to a retirement plan are tax deductible so expect some savings on your taxes as well.
Read more on our website:
https://www.pensiondeductions.com/ideal-retirement-plan/
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