Retirement planning is about setting aside money, investing or saving money to obtain a steady income at retirement. Everyone has to retire at some point after their working lives. Hence, you should consider retirement planning. The following are the reasons which convince that retirement planning is essential. Increasing life expectancy Rising inflation Increasing medical costs […]
Tag: retirement plan
Know About Benefits of Retirement Plan
Retirement plan is about saving money for the future, i.e for life after retirement. These plans are defined in tax terms by the IRS code and are regulated under Employee Retirement Income Security Act, in U.S.A. If you are an employee, company must take care of your retirement, or if you are engaged in a […]
Know about Various Types of Individual Retirement Account
An individual retirement account is a retirement plan account which serves tax advantages in United States for retirement savings. Individual retirement account was started in 1974 with the authorization of the Employee Retirement Income Security Act (ERISA). There are different types of IRAs like: Roth IRA: It is named as Roth IRA for its chief […]
Building Financial Planning
Financial plan is the route map to reach life’s financial goals. And it is typical exercise in establishing long term financial security. People have many types of financial priorities in different states of their lives, a balanced financial plan is like a 3 legged stool when if not concerning of current life stage and age. […]